CCI approves merger of Go Digit holding firm into insurer
after close1 source ↓written by the desknot a recommendation
- in the surviving
- 57.28% stake
The Competition Commission of India (CCI) has approved the amalgamation of Go Digit Infoworks Services Pvt Ltd with Go Digit General Insurance. Following the merger, FAL Corporation will hold a 57.28% stake in the surviving entity, Go Digit General Insurance, which specializes in general and health insurance products in India. This move is expected to enhance operational efficiency in the insurance sector.
Not investment advice. For informational purposes only.