Peak XV Partners, an early investor in Go Digit General Insurance, has offloaded shares worth around Rs 139 crore through a block deal on the National Stock Exchange (NSE). This is its second stake sale in the company in less than two months. According to NSE block deal data, Peak XV Partners, through its affiliate Peak XV Partners Growth Investments III, sold 57.21 lakh shares of Go Digit at Rs 243 share price taking the transaction value to approximately Rs 139 crore. ICICI Prudential Mutual Fund acquired the entire tranche at the same price. In June, Peak XV sold 33.33 lakh shares of Go Digit forRs 100 crore. The transaction saw participation from Aditya Birla Sun Life Mutual Fund and JPMorgan (Taiwan) Eastern Technology Fund. With the latest transaction, Peak XV has sold 90.54 lakh Go Digit shares worth around Rs 239 crore across the two block deals. Founded in 2017, Go Digit General Insurance offers products across motor, health, travel, property and other insurance segments. Motor insurance remains its largest business line, followed by health and fire insurance. The company counts Faering Capital, Wellington Management and TVS Capital Funds among its backers. On the financial front, Go Digit’s profit after taxdeclined37.5% to Rs 86.4 crore in Q1 FY27, from Rs 138.3 crore in the year-ago period. Its gross premium written also fell 8.4% to Rs 2,730.9 crore from Rs 2,981.8 crore in Q1 FY26. The latest stake sale comes amid pressure on Go Digit’s stock. The insurer’s shares hit an all-time low of Rs 245 on the BSE on July 28 and have declined nearly 21% over the past month. Go Digit’s shares were trading at Rs 252 as of 10:56 AM, taking its market capitalization to around Rs 23,430 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
