Sebi clears Digit's Rs 3.5k crore IPO plan after nearly 2 years

Markets regulator Sebi has given the go ahead for a Rs 3,500-crore IPO by Go Digit General Insurance, promoted by Canadian billionaire Prem Watsa's Fairfax group and industry veteran Kamesh Goyal, according to people familiar with the matter. The company had filed for an IPO in August 2022. However, Sebi had kept the issue in abeyance after raising queries on the company's employee stock appreciation plan.