Peak XV Partners, an early investor in Go Digit General Insurance, sold 33.3 lakh shares worth ₹100 crore in a block deal executed this week. The shares were sold at ₹300 apiece through an open-market transaction, according to NSE data. The buyers included Aditya Birla Sunlife Mutual Fund and JP Morgan (Taiwan) Eastern Technology Fund, which purchased 21.7 lakh and 11.7 lakh shares respectively.
The block deal was conducted at a 0.9% discount to the stock’s previous closing price. Aditya Birla Sunlife Mutual Fund acquired shares worth ₹65 crore, while JP Morgan’s fund bought shares worth ₹35 crore. This transaction follows Go Digit’s strong quarterly performance, with the company reporting a 28.8% increase in net profit to ₹149.4 crore in Q4 of fiscal year 2025-26, compared to ₹115.6 crore in the same quarter last year, per inc42.com.
Go Digit’s gross written premium rose 6.2% year-on-year to ₹2,735.7 crore in the quarter, while gross direct premium income surged 16% to ₹9,846 crore. Despite these positive results, the company faces challenges including a tax demand notice of ₹384.4 crore for the assessment year 2023-24, which it plans to contest. The tax issue has contributed to selling pressure on the insurtech startup’s shares.
The stock price decline and the recent block deal highlight investor caution amid regulatory headwinds. Go Digit’s next quarterly earnings report, expected in August, will provide further clarity on its financial health and the impact of the tax dispute.