
Merger23 Sept 2026, 07:40 pm
Go Digit General Insurance Amalgamation Scheme Updated for IRDAI Compliance
AI Summary
Go Digit General Insurance Limited (GDGIL) has updated its draft Scheme of Amalgamation with Go Digit Infoworks Services Private Limited (GDISPL). The update, advised by the Insurance Regulatory and Development Authority of India (IRDAI), specifically incorporates Section 35 of the Insurance Act, 1938, along with its rules and regulations. This modification is purely for regulatory compliance and does not alter the material substance of the scheme or previous submissions. The revised scheme remains subject to approvals from the National Company Law Tribunal, IRDAI, and shareholders.
Key Highlights
- Scheme of Amalgamation updated to comply with IRDAI advisory.
- Incorporates Section 35 of the Insurance Act, 1938.
- No material changes to the scheme's substance or prior filings.
- Subject to approvals from NCLT, IRDAI, and shareholders.
Price Impact
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