Peak XV Offloads Go Digit Shares Worth INR 100 Cr on NSE
On the buying side, Aditya Birla Sun Life Mutual Fund acquired 21.66 lakh shares worth about INR 65 crore.
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Peak XV Partners, an early investor in Go Digit General Insurance, has offloaded shares worth INR 100 crore through a block deal on the National Stock Exchange (NSE) on Thursday.
According to exchange data, Peak XV Partners, via its affiliate Peak XV Partners Growth Investments III, sold 33.33 lakh shares at a price of INR 300 per share. The total transaction value stood at INR 100 crore.
On the buying side, Aditya Birla Sun Life Mutual Fund acquired 21.66 lakh shares worth about INR 65 crore. Meanwhile, JPMorgan, through its affiliate JPMorgan (Taiwan) Eastern Technology Fund, purchased 11.66 lakh shares for INR 35 crore.
The transaction marks another liquidity event for Peak XV Partners, which recently exited its investment in fintech firm Mobikwik through a separate block deal valued at INR 130 crore.
Go Digit General Insurance, founded in 2017, provides insurance products across motor, health, travel, and property segments. Motor insurance continues to be its largest business line, followed by health and fire insurance. The company is backed by investors including Faering Capital, Wellington Management, and TVS Capital Funds.
In the fourth quarter of FY26, Go Digit reported largely flat growth in net premium revenue at INR 2,301 crore. However, its profit after tax rose 28% year-on-year to INR 149 crore, compared to INR 116 crore in the same period last year.
Peak XV Partners, an early investor in Go Digit General Insurance, has offloaded shares worth INR 100 crore through a block deal on the National Stock Exchange (NSE) on Thursday.
According to exchange data, Peak XV Partners, via its affiliate Peak XV Partners Growth Investments III, sold 33.33 lakh shares at a price of INR 300 per share. The total transaction value stood at INR 100 crore.
On the buying side, Aditya Birla Sun Life Mutual Fund acquired 21.66 lakh shares worth about INR 65 crore. Meanwhile, JPMorgan, through its affiliate JPMorgan (Taiwan) Eastern Technology Fund, purchased 11.66 lakh shares for INR 35 crore.
The transaction marks another liquidity event for Peak XV Partners, which recently exited its investment in fintech firm Mobikwik through a separate block deal valued at INR 130 crore.
Go Digit General Insurance, founded in 2017, provides insurance products across motor, health, travel, and property segments. Motor insurance continues to be its largest business line, followed by health and fire insurance. The company is backed by investors including Faering Capital, Wellington Management, and TVS Capital Funds.
In the fourth quarter of FY26, Go Digit reported largely flat growth in net premium revenue at INR 2,301 crore. However, its profit after tax rose 28% year-on-year to INR 149 crore, compared to INR 116 crore in the same period last year.
