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Go Digit General Insurance Limited ( (IN:GODIGIT) ) has provided an announcement.
Go Digit General Insurance Limited’s board has approved a scheme of amalgamation between the listed insurer and its group entity, Go Digit Infoworks Services Private Limited, consolidating the transferor company into the general insurance business. The merger, which is a related-party transaction involving the company’s promoter and therefore requires approval from a majority of public shareholders, is subject to a comprehensive set of regulatory clearances, including from the National Company Law Tribunal, stock exchanges, SEBI, IRDAI, the Competition Commission of India and other authorities, marking a significant internal restructuring that could streamline group operations and capital structure.
More about Go Digit General Insurance Limited
Go Digit General Insurance Limited is a general insurance company based in India, offering a range of non-life insurance products. The company operates under the regulatory oversight of the Insurance Regulatory and Development Authority of India and is listed on both BSE and NSE, serving a broad retail and corporate customer base across the country.
Average Trading Volume: 12,481
Technical Sentiment Signal: Hold
Current Market Cap: 321.3B INR
For detailed information about GODIGIT stock, go to TipRanks’ Stock Analysis page.