India, June 5 -- Go Digit General Insurance's early backer Peak XV Partners has sold 33.3 Lakh shares of the insurtech major in a block deal worth Rs.100 Cr.

As per NSE data, the investment giant sold the shares at Rs.300 apiece via an open-market transaction to rake in the amount. The shares that flooded the market were lapped up by JP Morgan and Aditya Birla Sunlife Mutual Fund.

Of this, Aditya Birla Sunlife Mutual Fund bought 21.7 Lakh shares worth Rs.65 Cr, while JP Morgan (Taiwan) Eastern Technology Fund picked up the remaining 11.7 Lakh shares for Rs.35 Cr.

The block deal was executed at a discount of 0.9% to the stock's last closing price on Thursday.

The transaction comes more than a month after the insurtech giant reported he...