Bengaluru:
The Digit Insurance coverage, backed by Canadian billionaire Prem Watsa’s Fairfax Group, has filed for an preliminary public providing, draft papers filed with the market regulator confirmed on Tuesday.
The IPO consists of a recent subject of shares value 12.5 billion rupees, whereas present shareholders will promote as much as 109.4 million shares, the prospectus.
The whole measurement of the IPO is more likely to be 35 billion rupees ($440.69 million), in accordance with an individual with direct information of the matter.
Digit Insurance coverage didn’t instantly reply to Reuters’ request for remark.
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