Board approves amalgamation of holding company Go Digit Infoworks with Go Digit Insurance
GODIGIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Smallcap 250 and 1.5 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Go Digit General Insurance approved a scheme to amalgamate its holding company Go Digit Infoworks Services (GDISPL) into itself. GDISPL had total assets of about Rs 1,08,106 lakhs and net worth of Rs 1,07,560 lakhs as of September 30, 2025. Shareholders of GDISPL will receive Go Digit Insurance equity shares at exchange ratios such as 2,62,589 shares per 1000 equity shares. Promoter stake will rise marginally from 72.17% to 72.20%. New shares will be issued at Rs 375.10 per share. No cash consideration is payable. The scheme needs NCLT, IRDAI, SEBI, NSE, BSE, CCI and shareholder approvals. No change in management, board or operations.
Simplifies the holding structure by merging the promoter holding company into the listed insurer. Minor promoter stake uptick, no operational change. Subject to multiple regulatory approvals.