India, Dec. 22 -- The shares of the general insurance company rose up to 1 percent in today's trading session after the company's board has approved the amalgamation of its holding company to eliminate the complexity of the holding company structure.

With a market capitalisation of Rs 31,618.96 crore, the shares of Go Digit General Insurance Ltd were trading at Rs 342.30 per share, decreasing around 0.17 per cent as compared to the previous closing price of Rs 342.90 apiece.

Amalgamation According to the company filing, Go Digit General Insurance's board has approved the amalgamation of its holding company, Go Digit Infoworks Services, into the listed entity. The move simplifies the ownership structure, removes an intermediate layer, an...