Virat Kohli-backed Digit Insurance files for IPO
The company, Digit Insurance has filed for draft papers with the market regulator Securities Exchange Board of India (SEBI) to raise funds through an initial public offering
This will be backed by Canadian billionaire Prem Watsa's Fairfax Group and could mark his first investment into Indian shores!
Go Digit Insurance plans to sell up-to 109.4 million shares of its IPO, valued at ₹1 Crore each; existing investors will cede around 25% of their equity in return for this privilege
making it an excellent opportunity if you're looking forward investing! The company also has the option (but does not obligation) use some funds from pre IPO sales
which could bring down total amount available during public offering slightly lower than expected
Digit is an India-based Insurance Company that was founded in 2017. They are looking to capitalise on the underpenetrated general insurance market as well as users'
need for a better customer experience like easier claim settlements and faster turnaround times when it comes down their queries or claims concerns
which they have been able accomplish thanks largely due this past year's investment from Indian Cricket Star Virat Kohli who also happens be one of Digit’s investors!