Axis Bank and HDFC Bank would acquire up to a 9.94 percent stake in Go Digit-Life Insurance.

Axis Bank and HDFC Bank on Saturday (22nd April 2023) said that they would acquire up to a 9.94 per cent stake in insurtech startup Go Digit Life Insurance.

* HDFC Bank informed that it has executed definitive agreements to invest ₹69.90 crore in Go Digit-Life Insurance Ltd in two tranches.

* The bank has made the first tranche of payment of ₹10.93 crore for towards the acquisition.

* Axis Bank has also executed definitive agreements to invest ₹69.90 crore in Go Digit-Life Insurance Ltd in two tranches..

Source : Mint