India's Digit Insurance to refile for $440m IPO after regulator flags compliance issues

India's Digit Insurance to refile for $440m IPO after regulator flags compliance issues

FILE PHOTO: The logo of the Securities and Exchange Board of India (SEBI) is pictured at its headquarters in Mumbai, India, March 1, 2017. REUTERS/Shailesh Andrade/File Photo

Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after India’s market regulator raised certain compliance issues with employee stock plans in a private letter.

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