JP Morgan, Aditya Birla Sun Life MF Buy Go Digit Shares Worth Rs 100 Crore; Shares Up 5%

New Delhi, June 5: JP Morgan and Aditya Birla Sun Life Mutual Fund have collectively acquired over 33.3 lakh shares of Go Digit General Insurance from Peak XV Partners for Rs 100 crore through open market transactions. 

Following the transaction, shares of Go Digit General Insurance on Friday rose 5 per cent to Rs 318 apiece on the National Stock Exchange (NSE). 

US-based JP Morgan through its affiliate JP Morgan (Taiwan) Eastern Technology Fund and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares representing nearly a 0.4 per cent stake in Bengaluru-based Go Digit General Insurance, according to the block deal data executed on Thursday on the exchange. 

The shares were acquired at an average price of Rs 300 apiece, taking the combined deal value to Rs 100 crore. 

Meanwhile, venture capital firm Peak XV Partners through its arm Peak XV Partners Growth Investments III offloaded the same number of shares in the transaction, as per the data. 

The stake sale comes after Peak XV Partners fully exited fintech firm One MobiKwik Systems through a block deal worth Rs 130 crore. 

In April, Go Digit General Insurance reported a 28.4 per cent year-on-year increase in net profit to Rs 149 crore for the March quarter, compared with Rs 116 crore in the year-ago period. 

For FY26, the company’s profit after tax rose 28 per cent to Rs 544 crore from Rs 425 crore in the previous fiscal.