Go Digit share price

 

Go Digit listing: Virat Kohli, Anushka Sharma's Rs 2.5-cr investment turns into Rs 10 cr

With Go Digit share price exceeding Rs 300, Virat Kohli's Rs 2 crore investment has surged to Rs 8 crore, and Anushka Sharma’s investment has appreciated to Rs 2 crore.

Go Digit listing: Virat Kohli, Anushka Sharma's Rs 2.5-cr investment turns into Rs 10cr

Go Digit General Insurance's stock market debut on May 23 has delivered multi-bagger returns for celebrity couple Virat Kohli and Anushka Sharma, who invested in the insurer in February 2020.

With the company's share price crossing the Rs 300 mark, the couple's investment has grown four-fold while they continue to hold their shares in the company.

Ace cricketer Virat Kohli purchased 266,667 equity shares in Go Digit at Rs 75 each, totalling an investment of Rs 2 crore, according to the insurance company's red herring prospectus (RHP). Actor Anushka Sharma acquired 66,667 shares for Rs 50 lakh, bringing the couple’s combined investment to Rs 2.5 crore.

With the share price exceeding Rs 300, Virat Kohli's Rs 2 crore investment has surged to Rs 8 crore, and Anushka Sharma’s investment has appreciated to Rs 2 crore. Combined, their shares are now worth Rs 10 crore.

The Prem Watsa-backed insurance company's public issue comprised a fresh issue of shares worth Rs 1,125 crore and an offer-for-sale (OFS) of up to 5.48 crore shares, aggregating Rs 1,489.65 crore by its promoters and existing shareholders.

Incorporated in December 2016, Go Digit offers a diverse range of insurance products, including health, travel, and property insurance. The company has launched a total of 74 active products across all its business lines.

A day before its issue opened on May 14, the insurance company, backed by Fairfax, secured approximately Rs 1,176 crore from anchor investors. These investors included Fidelity, the Abu Dhabi Investment Authority (ADIA), and hedge fund Bay Pond Partners. The company allocated 4.32 crore equity shares to 56 funds for Rs 272 each, the upper price band.

This isn't the first instance of sports stars or celebrities investing in companies that later went public. In December 2023, Sachin Tendulkar-backed Azad Engineering debuted on the bourses. The cricket icon’s investment in the company increased six-fold following the stock's stellar listing. Tendulkar acquired 4.3 lakh shares at Rs 114.10 each in March 2023, and the stock listed on December 28 at Rs 720.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of fundfortress.com blog. We advise investors to check with certified experts before making any investment decisions.

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Celebrate Mukesh Ambani's Birthday with 10 Inspirational Quotes

 

Mukesh Ambani birthday: 10 inspirational quotes from the billionaire for every entrepreneur 

Mukesh Ambani birthday: The Reliance Industries chairman turned 67 on Friday. Take a look at 10 of his advices for young entrepreneurs in India.

Billionaire Mukesh Ambani turned 67 on Friday. The Reliance Industries chairman and managing director was born on April 19, 1957 in Yemen to Dhirubhai Ambani and Kokilaben Ambani. Ranked Asia's richest person, he has a net worth of $113 billion. Ambani is the 11th richest person in the world, according to Bloomberg Billionaires Index.

On Mukesh Ambani's birthday, let's take a look at his 10 quotes that can inspire entrepreneurs:

1. I think that the biggest challenge is mindset. We have to bring positivity, optimism, a belief in ourselves.
2. Failure is acceptable. All of us don't succeed on our first attempt. I can tell you, I myself have failed. For every 10 things I have done, I have failed six or seven times. I have succeeded hugely three times because I have been very lucky. If we bring overall positivity and optimism in our approach, it will take us a long way in terms of meeting the potential of what we can do to realise our true potential.

3. The most important lessons I've learnt from my father during this phenomenal journey, the first lesson is courage. Nobody has ever achieved anything big in business or in any walk of life without courage. Of course, whenever you do anything big, you do feel a little scared. But you got to conquer fear to discover the hidden hero within you. Our DNA is that we are very focused and we always believe in the principles of saying if you focus on the goal, you will overcome all obstacles. If you focus on the obstacles, you will never reach your goal.

4.With courage, self-belief and the can-do spirit, you overcome any adversity. Achieving your potential is the quest of the ordinary. Conquering the impossible is your destiny. 

 5.Your leaders will commit mistakes. That's for sure. But my advice to them is simple. Do not waste your energy on conducting a post-mortem on past mistakes. Rather, learn not to repeat the same mistakes.

 6.Be bold, courageous and adventurous in pursuing your present and future goals. In doing so, always support one another, for what we can achieve together is always immensely greater than what one can achieve individually and in isolation. There are also fewer chances of committing mistakes when we work together. 

 7.Income comes from opportunity… Once you create opportunity, wealth comes.

 8.Every small business and entrepreneur has the potential in India to become a Dhirubhai Ambani or a Bill Gates. That is what differentiates India from the rest of the world.

 9.In today's world, financial resources are the least important. This world has moved to the power of idea.

10.As an entrepreneur, it is very important to find a problem that you want to solve, that you are passionate about. It's not solving problems, it's finding problems. Once you find a problem, then you solve it.

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A COMPREHENSIVE GUIDE TO PERSONAL FINANCE AND INVESTING

A COMPREHENSIVE GUIDE TO PERSONAL FINANCE AND INVESTING 

Personal finance and investing are essential topics that play a crucial role in achieving financial security and long-term wealth. whether, you are just starting to manage your money or looking to grow your investment .

1. Setting financial goals : Before diving into investing , it's important to establish clear financial goals. These goals could include saving for retirement, building an emergency fund, paying off debt, or purchasing a home defining your objective provides a roadmap for your financial journey and helps your prioritize your efforts . 

2. Budgeting and savings : Create a budget is an integral part of personal finance . track your income and expenses to gain visibility into your spending habits . by categorizing expenses and identifying areas where you can cut back, you can allocate more funds towards saving and investment. aim to save a percentage of your income consistently to build a solid .

3. Debt management : Debt can hinder your financial progress, so it's important to manage it effectively. prioritize high-interest debts and consider strategies like the debt snowball or debt avalanche methods. additionally , avoid taking on unnecessary debt and strive to maintain a good credits score, as it can impact your ability to secure favorable interest rates in the future.

4.Retirement planning : Saving for retirement account option like employer - sponsored 401(K) plans or individual retirement accounts (IRAs) take a advantage of any employer matching contribution and consider consulting a financial advisor to optimize your retirement saving strategy .

5. Investment strategies : various investment strategies cater to different risk appetites and goals some common strategies include long-term buy-and-hold investing value investing, dollar- cost averaging, and index fund investment, understand your risk tolerance, time horizon, and investment objective to choose the strategy that aligns with your needs .

CONCLUSION : personal finance and investing are integral parts of achieving financial well-being. by setting clear goals, budgeting effectively, managing debt, building emergency funds and investing wisely, you can secure a stable financial future. remember, financial success is a journey and it required ongoing education .