 "HDFC Bank")
HDFC Bank on Thursday said it has entered into an indicative and non-binding term sheet with Go Digit Life Insurance, wherein the bank is looking to invest around Rs 120 crore in the company for a 9.94 per cent stake.
Go Digit Life has applied to the insurance regulator for a license to carry out life insurance business in the country and is awaiting certificate of registration by the Insurance Regulatory and Development Authority of India (Irdai).
Kamlesh Goyal-backed Go Digit is looking to bag a life insurance as well as reinsurance license from the regulator.
Recently, Go Digit General
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