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Indian cricket star Virat Kohli lost around ₹2 crore due to a decline in the share price of the company he invested in.
As per media reports, Kohli’s investment in Go Digit General Insurance faced loss as the company recently witnessed a dip in stock value and as a result Kohli faced loss of around ₹2 crore due to a decline in the share price.
Kohli, alongside his wife and actress Anushka Sharma, had invested in Go Digit in February 2020. The cricketer acquired 2.66 lakh equity shares at ₹75 per share, amounting to an investment of ₹2 crore, while Sharma purchased 66,667 shares for ₹50 lakh.
Go Digit made a strong market debut on May 23, 2024, raising ₹1,125 crore through a fresh issue and an additional ₹1,489.65 crore via an offer-for-sale. The IPO witnessed an overwhelming response, being oversubscribed 9.6 times, with high participation from retail and institutional investors.
Following its listing, the company’s share price surged past ₹300 per share, significantly boosting Kohli’s investment. As per reports, his holdings peaked at approximately ₹8 crore, while Anushka Sharma’s stake rose to ₹2 crore.
However, over the past six months, Go Digit’s stock price has fallen by 25%, reflecting broader market volatility. If Kohli retained his shares, the revised valuation would stand at ₹6 crore, marking a decline of ₹2 crore from its highest point. Despite this drop, his investment still holds substantial gains compared to the initial purchase price.
The decline mirrors a wider trend in stock markets, where several companies have witnessed price corrections. Financial analysts suggest that fluctuations are part of market cycles and long-term investors, including high-profile figures like Kohli, often ride out such periods.
Kohli is in Dubai for ICC Champions Trophy semi-final to be played today. The star cricket also remained in news during recent day for his stunning century against Pakistan in the group match of the ongoing sports event.
