Virat Kohli-Backed Insurance Company Go Digit to Launch IPO Next Week: Reports
Virat Kohli and Anushka Sharma are shareholders in Go Digit Insurance company. As per the reports by ET Now, the company is planning to raise funds through IPO. The company received the green signal from the SEBI in March 2024.
In the business world stability and consistency are key factors to gain the trust of the stakeholders, investors and even customers. With this in mind, Go Digit General Insurance is looking to launch its initial public offering (IPO) next week – reported ET Now. Shares are likely to be available from 15th May 2024. The company price band of the issue will be declared on 10th May while the anchor book may open on Tuesday, May 14. Berkshire Hathaway Sold 13% of Apple Shares in Q1 2024, Still Warren Buffett Reaffirmed His Commitment to AAPL Going Forward, Says Report.
The company already has one of the biggest brand ambassadors from India as star cricketer Virat Kohli endorses the brand. He is also one of the shareholders in the company. In February 2020, Virat Kohli reportedly invested Rs 2 crore in the company. The investment earned him 2,66,667 equity shares for Rs 75 apiece. His wife and Bollywood actress Anushka Sharma is also one of the early investors. She invested INR 50 Lakh and bought 66,667 equity shares at the same price.
Prem Watsa’s Fairfax group backs Go Digital company. As per the ET reports the new age insurance company may raise Rs 1,500 crore via its IPO. This will include a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to 10.94 crore equity shares. The company received the green signal from the SEBI in March 2024 after encountering multiple delays in the approval process. Virat Kohli Bluntly Replies on Alternate Career Apart From Cricket ‘Mere Ko Bewakuf Bana Dete Agar Business Karta’ (Watch Video).
As for Virat Kohli, the Indian Cricketer is enjoying great success in the business field also. Along with Go Digit Insurance, Kohli has six major ventures ranging from FMCG to apparel. He has investments in a wellness brand Hyperice and Chisel Fitness. Moving to FMCG products the star invested in Blue Tribe a plant-based meat company and Rage Coffee. In the tech firms, King Kohli heavily backs Galactus Funware Technology Private Limited and as for fashion brands, he joined Sachin Tendulkar-backed Universal Sports Biz Private Ltd.
(The above story first appeared on LatestLY on May 08, 2024 01:44 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).