Go Digit listing: Virat Kohli, Anushka Sharma's Rs 2.5-cr investment turns into Rs 10 cr
Summary
Go Digit General Insurances 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 companys share price crossing the Rs 300 mark, the couples investment has grown four-fold while they continue to hold their shares in the company.Follow 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 companys red herring prospectus (RHP). Combined, their shares are now worth Rs 10 crore.The Prem Watsa-backed insurance companys 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 cricket icons investment in the company increased six-fold following the stocks stellar listing.