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Stake sale

Peak XV sells more Go Digit shares

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Peak XV Partners logo
Date
Company
Peak XV Partners
What it does
Go Digit exit
Kind
Stake sale
Amount
₹139 crore

What they do

In June the firm offloaded Go Digit General Insurance shares worth around ₹100 crore in the open market

What happened

In late July it sold a further ₹139 crore of the insurer's stock

Why it matters

The sales continued a gradual exit from the insurance bet, which one report said came at a loss

The details

  • Peak XV sold Go Digit shares in two steps.
  • June sale: about ₹100 crore.
  • July sale: about ₹139 crore.
  • The exit was reported as a loss.

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