Photo: MMA Global
HDFC Bank To Acquire 9.94% Stock In Go Digit Life Insurance
HDFC Bank, India's largest private-sector lender, announced 9.94% stake in Go Digit-Life Insurance. According to a regulatory statement to stock exchanges, HDFC and Go Digit-Life Insurance entered into an "indicative and non-binding term sheet" on August 25 for two tranches totaling between Rs 49.9 crore and Rs 69.9 crore. This agreement, however, is subject to signing of formal agreements with mutually agreed-upon terms and circumstances,… read-more
Tags: HDFC, Go Digit Life Insurance, Insurance company, Stocks, stock exchange
Courtesy: ANI
Photo: TechStory
Insurance Company Digit Becomes First Indian Unicorn Of 2021
Digit Insurance, a leading general insurance company, has become the first Indian Unicorn of 2021 with a market value of $1.9 billion. Reportedly, the insurtech startup registered a growth of 31.9% in 2020. The company had introduced many policies during the pandemic to insure people against COVID-19 and vector-borne diseases. Founded in 2016, Digit Insurance was the only Indian company to be featured in the global Fintech 250 list by CB… read-more
Tags: Digit Insurance, Insurance company, Prem Watsa, insurtech startup, Indian Unicorn
Courtesy: Business Insider
