Go Digit raises Rs 1,176 cr from anchor investors

New Delhi: Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, has raised a little over Rs1,176 crore from anchor investors.The company has allocated 4.32 crore equity shares to 56 funds at Rs272 apiece, which is the upper end of the price band, according to a circular uploaded late on Tuesday. At this price, the company has mobilised Rs1,176.59 crore from these funds.

Foreign and domestic Institutions that participated in the anchor round were -- Fidelity Investment Trust, Bay Pond Partners L.P., Goldman Sachs, Abu Dhabi Investment Authority (ADIA), Schroder International, East Spring Investments India, Custody Bank of Japan and Morgan Stanley Asia (Singapore) PTE ODI.