Go Digit General Insurance raises ₹1,176 crore from anchor investors.
Go Digit General Insurance, backed by Fairfax Group, has successfully raised ₹1,176.59 crore from anchor investors.
Go Digit General Insurance Ltd, a company supported by the Canada-based Fairfax Group, announced on Tuesday (May 14) that it has successfully raised ₹1,176.59 crore from anchor investors. The company disclosed to the stock exchanges that it allotted 4,32,57,009 equity shares at ₹272 per share to anchor investors on May 14. Notable participants in the anchor round included Fidelity Investment Trust, Bay Pond Partners L.P., Goldman Sachs, Abu Dhabi Investment Authority (ADIA), Schroder International, East Spring Investments India, and Custody Bank of Japan.
In addition, SBI Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, Ashoka WhiteOak Mutual Fund, Malabar Mutual Fund, Steadview Capital Mauritius Ltd, Optimix Wholesale Global Emerging Markets Share Trust, ACM Global Fund, HDFC Life Insurance, and ITPL Invesco India Mutual Fund are among the prominent investors in this category.