Go Digit IPO: Due to several compliance-related obstacles, the public offer’s approval was postponed.
The initial public offering (IPO) of Go Digit, supported by cricket player Virat Kohli and his spouse Anushka Sharma, was approved by market regulator Sebi. A number of obstacles related to compliance caused Go Digit’s first public offering to be approved later than expected.
According to reports, Sebi twice returned the draft offer document because it had concerns about the issuing of shares. In March of last year, the company filed its IPO documents again with Sebi. The regulator has now given these approval.
Go Digit is a business that deals with general insurance. Fairfax Group, led by Canadian billionaire Prem Watsa, and A91 Partner are among its supporters.
