Announced Tue, 1 Sept · 20:33 IST
CCI detailed order received for Go Digit Infoworks amalgamation scheme
GODIGIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹260.20
prior close
₹258.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-0.7-0.4-0.9+0.3-1.5-0.4-2.8-2.0————
Up moveDown movePending
AI summary
Go Digit General Insurance has received the detailed CCI order approving its amalgamation with holding company Go Digit Infoworks Services. CCI found no adverse impact on competition. The scheme simplifies group structure as Infoworks will dissolve and Digit General becomes the surviving entity. Still awaiting NCLT, IRDAI and shareholder approvals.
Likely market impact
Simplifies group structure; FAL/Fairfax remains controlling shareholder. Pending NCLT and IRDAI approvals are next milestones for the merger.