Fintrex Finance Limited recently completed a rights issue of 600 Million from existing investors to fund future growth. Shareholders invested through Bluestone1, the sole owner of Fintrex Finance, in a transaction that was managed by Bluestone Capital Pvt Ltd . The Capital raise was led by HWIC ( Asia), a 100% owned entity of Fairfax.
Not only scientists, technologists, industrialists, businessmen and top executives have passed out of the Indian Institute of Technology-Madras (IIT-M).
While the industry grew 16-17 per cent in the first half, the digital-only insurer has grown over 67 per cent to Rs 2,196 crore, driven primarily by the health segment, said Kamesh Goyal, Chairman, Digit Insurance.
Fairfax-promoted Digit Insurance is confident of taking its premia sales to over Rs 6,500 crore when it completes five years of operations in the next October, a top official of the Bengaluru-based general insurer has said. The digital-only insurer had sold the first policy in October 2017 and has since then sold to over 20 million customers. It achieved break-even in the