Go Digit General Insurance files draft papers for IPO with Sebi

NEW DELHI: Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, has filed for an initial public offering, papers submitted to the market regulator showed on Tuesday, Reuters reported.

The insurance company intends to raise up to Rs 1,250 crore via the fresh issue and offer 109,445,561 shares in the offer for sale, shows data available on ICICI Securities NSE 5.30 %’ website.