Sebi clears Fairfax-backed Digit's IPO after delay
Mon, Mar 4, 2024 10:09 AM

Sebi clears Fairfax-backed Digit's IPO after delay

A Flip by Avya Verma
Get it on Google Play
India's markets regulator has given Digit Insurance the go-ahead to launch an IPO after multiple compliance issues delayed approval for the deal originally planned in 2022, according to a letter seen by Reuters. Digit, last valued at $3.5 billion, filed for an initial public offering in August 2022 but its plans were halted twice by the Securities and Exchange Board of India.

More great flips

Trade Setup: Will volatile global cues dampen Nifty recovery prospects?

Trade Setup: Will volatile global cues dampen Nifty recovery prospects?

The Indian equity market witnessed a roller-coaster session as the benchmark index began on a buoyant note, soaring over 300 points intraday. However, in the latter half, the bulls lost momentum, and the market once again came under the tight grip of bears, erasing most of the day’s gains. Eventually, the Nifty50 retreated from its intraday highs to close near the 23,500 zone.

Open Flip
IFL Enterprises Standalone September 2024 Net Sales at Rs 2.87 crore

IFL Enterprises Standalone September 2024 Net Sales at Rs 2.87 crore

Reported Standalone quarterly numbers for IFL Enterprises are: Net Sales at Rs 2.87 crore in September 2024 up 54.77% from Rs. 1.86 crore in September 2023. Quarterly Net Loss at Rs. 0.26 crore in September 2024 down 182.45% from Rs. 0.31 crore in September 2023. EBITDA stands negative at Rs. 0.39 crore in September 2024 down 188.64% from Rs. 0.44 crore in September 2023.

Open Flip
Balgopal Commercial Standalone September 2024 Net Sales at Rs 0.33 crore

Balgopal Commercial Standalone September 2024 Net Sales at Rs 0.33 crore

Reported Standalone quarterly numbers for Balgopal Commercial are: Net Sales at Rs 0.33 crore in September 2024 down 94.5% from Rs. 6.03 crore in September 2023. Quarterly Net Profit at Rs. 7.10 crore in September 2024 up 72.67% from Rs. 4.11 crore in September 2023. EBITDA stands at Rs. 8.02 crore in September 2024 up 93.25% from Rs. 4.15 crore in September 2023.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon