NSENews Verification29 Jul 2026 · 29 Jul 2026, 03:03 pm
News Verification
Go Digit General Insurance Limited · GODIGIT
✦ AI SummaryM&A
Go Digit General Insurance Limited has confirmed that the Competition Commission of India has approved the proposed Scheme of Amalgamation amongst Go Digit Infoworks Services Private Limited with Go Digit General Insurance Limited and their respective shareholders. The Company has complied with and shall continue to comply with the disclosure requirements prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable laws.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment6/10
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Full Announcement
The Exchange has sought clarification from Go Digit General Insurance Limited with respect to recent news item captioned CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake. The response from the Company is attached.
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GODIGITGI_29072026150100_NSE_Response.pdf
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29 July 2026
The Deputy Manager (Listing)
National Stock Exchange of India Limited,
Exchange Plaza, C-1, Block G, Bandra
Kurla Complex, Bandra (East), Mumbai-
400 051
NSE Symbol: GODIGIT
Re: Go Digit General Insurance Limited (“GDGIL” or “The Company”)
ISIN: INE03JT01014
Sub.: Response to letter (Ref: NSE/CM/Surveillance/17312) dated 29 July 2026
Clarification /Confirmation on news item appearing in “Media/Publication”
Dear Sir/Madam(s),
In connection with the letter referred above, we hereby submit the following:
List of observation, query,
information or documents
No Response
requested
1 Whether such The Company confirms that the
negotiations/events were taking Competition Commission of India (“CCI”)
place? If so, you are advised to has approved the proposed Scheme of
provide the said information Amalgamation amongst Go Digit Infoworks
along with the sequence of Services Private Limited with Go Digit
events in chronological order General Insurance Limited and their
from the start of respective shareholders (“Scheme”) on
negotiations/events till date. July 28, 2026. The Company became
aware of the approval granted by the
Competition Commission of India ('CCI')
upon receipt of the communication from
CCI on July 28, 2026. The Company has
complied with and shall continue to comply
with the disclosure requirements prescribed
under the SEBI (Listing Obligations and
Disclosure Requirements) Regulations,
2015 and other applicable laws
The proposed Scheme remains subject to
receipt of other requisite statutory and
regulatory approvals, including approval of
the Hon’ble National Company Law
Go Digit General Insurance Limited | Registered Office: 1 to 6 Floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi,
City Survey No. 1579, Shivajinagar Pune - 411005 Maharashtra | CIN: L66010PN2016PLC167410 | IRDAI Reg. No: 158
Website www.godigit.com Email Id: hello@godigit.com Toll free 1800-258-5956
List of observation, query,
information or documents
No Response
requested
Tribunal, Insurance Regulatory and
Development Authority of India (“IRDAI”)
and such other approvals as may be
applicable.
The Company has, from time to time, made
necessary disclosures to the Stock
Exchanges in relation to the Scheme, as
required under applicable laws. The
sequence of key events is as under:
a) The Board of Directors of the
Company approved the proposed
Scheme at its meeting held on
December 19, 2025.
b) The Company thereafter made the
necessary intimations / filings with the
Stock Exchanges on December 19,
2025
c) Receipt of ‘No observations letters’
from Stock Exchanges on 22 April
2026, respectively.
d) The Company thereafter made the
necessary intimations / filings with the
Stock Exchanges on April 23, 2026.
e) The Company filed the requisite notice
with CCI in relation to the proposed
Scheme on May 12, 2026.
f) CCI approved the proposed Scheme
on July 28, 2026.
The proposed amalgamation has been
undertaken pursuant to the Scheme
approved by the Board of Directors and
disclosed to the stock exchanges from
time to time. Accordingly, the events
referred to in the news item relate to a
transaction that has been publicly
disclosed and for which requisite
regulatory processes are being
undertaken in the ordinary course.
g) Whether you/company are aware We further confirm that, apart from the
of any information that has not information already disclosed / being
been announced to the clarified herein, the Company is not aware
Go Digit General Insurance Limited | Registered Office: 1 to 6 Floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi,
City Survey No. 1579, Shivajinagar Pune - 411005 Maharashtra | CIN: L66010PN2016PLC167410 | IRDAI Reg. No: 158
Website www.godigit.com Email Id: hello@godigit.com Toll free 1800-258-5956
List of observation, query,
information or documents
No Response
requested
Exchanges which could explain of any information that has not been
the movement in the trading, if announced to the Stock Exchanges which
any? Further, you are advised to could explain any movement in the trading,
provide the said information and if any, in the securities of the Company.
the reasons for not disclosing the
same to the Exchange earlier as The news article is factually correct to the
required under regulation 30 of extent reported that CCI has approved the
the SEBI (LODR) Regulations, proposed Scheme. However, the proposed
2015. Scheme will continue to remain subject to
receipt of various statutory and regulatory
approvals, including approval of the Hon'ble
National Company Law Tribunal and
IRDAI, and shall become effective only
upon satisfaction of all applicable
conditions and receipt of approvals.
h) The material impact of this article The CCI approval, by itself, does not have
on the Company. any material operational or financial impact
on the Company. Any impact of the
Scheme, if any, will arise only upon the
Scheme becoming effective in accordance
with its terms and after receipt of all
requisite approvals.
The Company has complied with and shall
continue to comply with the disclosure
requirements prescribed under the SEBI
(Listing Obligations and Disclosure
Requirements) Regulations, 2015 and
other applicable laws.
Please do write to the undersigned, if you need any information / details, in this regard.
Thanking you,
Yours truly,
For Go Digit General Insurance Limited
Tejas Saraf
Company Secretary & Compliance Officer
Go Digit General Insurance Limited | Registered Office: 1 to 6 Floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi,
City Survey No. 1579, Shivajinagar Pune - 411005 Maharashtra | CIN: L66010PN2016PLC167410 | IRDAI Reg. No: 158
Website www.godigit.com Email Id: hello@godigit.com Toll free 1800-258-5956