Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’

The Indian capital market regulator has moved Digit’s IPO application to “abeyance,” it said in what is a disappointing development for the online insurer’s plan to go public.
The Securities and Exchange Board of India, the Indian market regulator, updated the status of Fairfax-backed Digit to note that it had moved the process of issuance of observations for the startup’s filing into abeyance.
The Indian startup, valued at $3.5 billion and which also counts Sequoia Capital India, TVS Capital, A91 Partners and cricketer Virat Kohli and actress Anushka Sharma among its backers, filed the

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