Virat Kohli and Anushka Sharma’s ₹2.5 crore investment in Go Digit General Insurance has grown four-fold to ₹10 crore, Moneycontrol reported. Go Digit’s share price exceeded ₹300 on its stock market debut on Thursday. While cricketer Virat Kohli had purchased 266,667 equity shares at ₹75 each in 2020, actress Anushka had acquired 66,667 shares in Go Digit for ₹50 lakhGo Digit listing: Virat Kohli, Anushka Sharma’s Rs 2.5-cr investment turns into Rs 10 cr
With Go Digit share price exceeding Rs 300, Virat Kohli’s Rs 2 crore investment has surged to Rs 8 crore, and Anushka Sharma’s investment has appreciated to Rs 2 crore.Go Digit General Insurance’s stock market debut on May 23 has delivered multibagger returns for celebrity couple Virat Kohli and Anushka Sharma, who invested in the insurer in February 2020.
With the company’s share price crossing the Rs 300 mark, the couple’s investment has grown four-fold while they continue to hold their shares in the companyFollow our live blog for all the market action.
Ace cricketer Virat Kohli purchased 266,667 equity shares in Go Digit at Rs 75 each, totaling an investment of Rs 2 crore, according to the insurance company’s red herring prospectus (RHP). Actor Anushka Sharma acquired 66,667 shares for Rs 50 lakh, bringing the couple’s combined investment to Rs 2.5 crore.
With the share price exceeding Rs 300, Virat Kohli’s Rs 2 crore investment has surged to Rs 8 crore, and Anushka Sharma’s investment has appreciated to Rs 2 crore. Combined, their shares are now worth Rs 10 crore.The Prem Watsa-backed insurance company’s public issue comprised a fresh issue of shares worth Rs 1,125 crore and an offer-for-sale (OFS) of up to 5.48 crore shares, aggregating Rs 1,489.65 crore by its promoters and existing shareholders.Incorporated in December 2016, Go Digit offers a diverse range of insurance products, including health, travel, and property insurance. The company has launched a total of 74 active products across all its business lines.
A day before its issue opened on May 14, the insurance company, backed by Fairfax, secured approximately Rs 1,176 crore from anchor investors. These investors included Fidelity, the Abu Dhabi Investment Authority (ADIA), and hedge fund Bay Pond Partners. The company allocated 4.32 crore equity shares to 56 funds for Rs 272 each, the upper price band.This isn’t the first instance of sports stars or celebrities investing in companies that later went public. In December 2023, Sachin Tendulkar-backed Azad Engineering debuted on the bourses. The cricket icon’s investment in the company increased six-fold following the stock’s stellar listing. Tendulkar acquired 4.3 lakh shares at Rs 114.10 each in March 2023, and the stock listed on December 28 at Rs 720.
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