Go Digit General Insurance board approves holding company merger

Go Digit General Insurance Limited (GDGIL) has announced that its board of directors approved a scheme of amalgamation with its holding company, Go Digit Infoworks Services Private Limited (GDISPL), on December 19, 2025. This merger aims to streamline the ownership structure and enhance value for shareholders.

The amalgamation will result in GDISPL shareholders receiving equity shares in GDGIL. For every 1000 fully paid-up equity shares of ₹ 10 held in GDISPL, shareholders will receive 262,589 equity shares of ₹ 10 in GDGIL. Preference shareholders will also receive GDGIL equity shares at specified ratios. This transaction is considered at arms' length, with share exchange ratios determined by a valuation report.

Post-amalgamation, GDGIL's promoter shareholding is projected to marginally increase from 72.17% to 72.20% on a fully diluted basis, reflecting a nominal rise of approximately 0.03%. The additional GDGIL shares will be issued at a price of ₹ 375.10 per share. The scheme requires approval from shareholders, creditors, and regulatory authorities including the National Company Law Tribunal, SEBI, and IRDAI.