Go Digit General Insurance has announced the amalgamation of Go Digit Infoworks Services Private Limited (the Holding Company) with Go Digit General Insurance. This merger, effective from December 24, 2025, aims to create a direct alignment between the insurance company and its promoters, resulting in a leaner corporate structure. The promoter shareholding will increase by a marginal 0.03% due to the issuance of shares worth INR 43 crores.
Merger Details
Go Digit General Insurance announced on December 24, 2025, that Go Digit Infoworks Services Private Limited will merge with Go Digit General Insurance. This decision seeks to simplify the corporate structure and establish a clearer alignment between the insurance operations and its promoters.
Shareholding and Capital Impact
The merger will result in a minimal increase of 0.03% in the promoter shareholding within the General Insurance Company. This change is primarily due to the issuance of new shares valued at approximately INR 43 crores, priced at INR 375.1 per share.
Operational Changes
The company confirms that the management team and board of the General Insurance Company will remain unchanged following the merger. As of September 30, 2025, Go Digit’s solvency ratio stands at approximately 226%, indicating no immediate requirement for additional capital raising.
Transaction History
Prior to the merger, the holding company provided certain services to the General Insurance Company. However, these arrangements were discontinued in November 2024 in response to regulatory guidance, and currently, there are no active transactions between the entities.
Source: BSE
