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Banking - General Knowledge Questions
Axis Bank and HDFC Bank would acquire up to a ________ percent stake in Go Digit-Life Insurance.
A)
12.36%
B)
10.87%
C)
9.94%
D)
8.21%

Correct Answer :   9.94%

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

Published On : April 25, 2023
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