- The banks will both acquire 9.94% equity stake each in the life insurance company, which is a subsidiary of Go Digit General Insurance Ltd, an insurtech unicorn that is planning to go for an IPO.
- The transaction is expected to be completed by 3 to 6 months from the execution date.
Question:
Q.1 What is the name of the life insurance company that HDFC Bank and Axis Bank are investing in?a. Go Digit Life Insurance Ltd
b. Go Digit General Insurance Ltd
c. Go Digit Health Insurance Ltd
d. Go Digit Travel Insurance Ltd