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This takes the total IPO size to Rs 2,615 crore at the upper end of the price band.At present, Go Digit Infoworks Services owns an 83.3 per cent stake in the company.Proceeds from the fresh issuance have been proposed to be utilised for augmentation of the companys capital base and maintenance of solvency levels and general corporate purposes.Cricketer Virat Kohli and his wife and actor Anushka Sharma are among the investors in the firm. ....
In just five years, Go Digit has grown to become the 13th largest non-life insurer in India. Amid that scorching growth, it s showing deftness in managing its business risk. As it expands, it will be challenged on both those fronts. ....