Go Digit Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/go-digit/ Thu, 23 May 2024 06:04:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Fairfax-backed Go Digit makes a quiet trading debut https://insuranceasianews.com/fairfax-backed-go-digit-makes-a-quiet-trading-debut/ Thu, 23 May 2024 06:04:13 +0000 https://insuranceasianews.com/?p=154435 The US$314m IPO was priced at the top end of the price band valuing the digital insurer at US$3bn.

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India’s Go Digit General Insurance made a tepid debut on the stock exchanges on Thursday at INR286 per share, representing a 5.1% premium over the issue price of INR272, stock exchange data showed.
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]]> Fairfax-backed Go Digit’s US$314m India IPO fully subscribed https://insuranceasianews.com/fairfax-backed-go-set-to-raise-us314m-from-ipo/ Sun, 19 May 2024 23:00:25 +0000 https://insuranceasianews.com/?p=154180 The IPO was 9.6 times subscribed at the close of bookbuilding and is slated for trading on May 23.

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India’s Go Digit General Insurance’s initial public offering (IPO) will raise up to INR26.14 billion (US$314 million) at a valuation of over US$3 billion.
The IPO was subscribed 9.6 times at the close...

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]]> Fairfax-backed Go Digit’s downsized IPO set for May 15 launch https://insuranceasianews.com/fairfax-backed-go-digits-downsized-ipo-set-for-may-15-launch/ Fri, 10 May 2024 05:46:17 +0000 https://insuranceasianews.com/?p=153713 The listing on Indian stock exchanges could raise up to US$313m after the digital insurer reduced the new shares on offer and nearly halved the size of existing shares sale.

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Fairfax-backed Indian insurer Go Digit Insurance will start book-building for its up to INR26 billion (US$313 million) IPO on Indian stock exchanges on May 15, according to a company announcement.
The...

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]]> CelsiusPro launches parametric climate risk insurance for Indian women workers https://insuranceasianews.com/celsiuspros-launches-parametric-climate-risk-insurance-for-indian-women-workers/ Tue, 07 May 2024 06:41:40 +0000 https://insuranceasianews.com/?p=153471 The index-based product offered in partnership with Howden Insurance Brokers and Go Digit, provides financial protection against extreme heatwaves for women working in India's informal sectors.

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Zurich-based parametric insurtech CelsiusPro has partnered with  Howden Insurance Brokers, India's Go Digit General Insurance and non-governmental organisation Mahila Housing Trust to launch an index-...

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]]> Fairfax-backed Go Digit gets Indian market regulator’s approval for IPO: report https://insuranceasianews.com/fairfax-backed-go-digit-gets-indian-market-regulators-approval-for-ipo-report/ Mon, 04 Mar 2024 04:03:00 +0000 https://insuranceasianews.com/?p=147730 The digital insurer is targeting a May public offering, which will be a mix of US$150m in new shares and a secondary sale of 109m shares by founding shareholders.

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Fairfax-backed Indian digital insurer Go Digit has received approval from the market regulator Securities and Exchange Board of India (SEBI) for its INR1.25 billion (US$150 million) initial public off...

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]]> Short-seller report on Fairfax muddies the waters for Go Digit’s IPO prospects https://insuranceasianews.com/short-seller-report-on-fairfax-muddies-the-waters-for-go-digits-ipo-prospects/ Thu, 15 Feb 2024 23:30:47 +0000 https://insuranceasianews.com/?p=146403 Research by activist Muddy Waters casts doubts on the Indian insurtech's valuations, technology credentials, and claims that it will likely lead to a down round listing.

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Activist short-seller Muddy Waters Research’s report on Fairfax raises questions about its IPO-bound Indian portfolio company Go Digit General Insurance’s valuations and business model.
The short-sell...

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]]> Fairfax-backed Go Digit gets IRDAI approval for US$150m IPO https://insuranceasianews.com/fairfax-backed-go-digit-gets-irdai-approval-for-us150m-ipo/ Wed, 14 Feb 2024 05:08:43 +0000 https://insuranceasianews.com/?p=146211 The Indian digital insurer's listing plan was delayed after the insurance regulator issued a show cause notice in October 2023, the latest clearance from the insurance regulator now clears one hurdle in its path towards an IPO.

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Fairfax-backed Indian digital insurer Go Digit has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its INR1.25 billion (US$150 million) initial public of...

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]]> IRDAI approves Go Digit’s IPO https://insuranceasianews.com/go-digit-gets-the-regulators-permission-to-go-public/ Mon, 28 Nov 2022 23:16:39 +0000 https://insuranceasianews.com/?p=112961 The Fairfax-backed insurer will raise about US$440m from the public offering.

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Indian P&C insurer Go Digit has received the final approval from the Insurance Regulatory and Development Authority of India (IRDAI) for listing on the stock markets. The regulator's nod will allo...

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]]> Go Digit’s IPO to offer partial exit to founders https://insuranceasianews.com/go-digits-us440m-ipo-to-offer-partial-exit-to-founders/ Tue, 16 Aug 2022 21:00:12 +0000 https://insuranceasianews.com/?p=106193 Fairfax and Kamesh Goyal will sell a combined 109 million shares through the listing.

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Indian general insurer Go Digit has filed a draft prospectus with the Securities and Exchange Board of India for a domestic initial public offering that will offer a mix of new shares and a sale of ex...

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]]> Digit Insurance seeks to become India’s second domestic reinsurer https://insuranceasianews.com/digit-insurance-seeks-to-become-indias-second-domestic-reinsurer-report/ Tue, 14 Jun 2022 22:02:28 +0000 https://insuranceasianews.com/?p=102075 Any move to compete with GIC Re needs final approval by the regulator.

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Indian digital insurance player Digit Insurance is looking to set up a domestic reinsurance company, according to a statement that the firm made to InsuranceAsia News (IAN).
If Digit Insurance gains a...

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