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The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The company's loss ratio increased to 73.3% during the quarter from 70.3% a year ago.
Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.
The company's gross premium written rose 6% year-on-year to Rs 2,736 crore during the quarter, against Rs 2,576 crore in the corresponding period last year.
Net profit jumped 31% to Rs 116.51 crore in the three months ended September 30, 2025.
Go Digit added it plans to respond within the stipulated period, submitting supporting documents and evidence.
The insurer posted gross premium written growth of 12% to Rs 2,982 crore during the June quarter.
The ruling, made earlier this week, relates to alleged tax dues of Rs 154.8 crore and penalties of Rs 15.48 crore for the period between July 2017 and March 2022.
As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.
The investment in shares is being made in the ordinary course of the investment function of the company, Go Digit said.
The insurer's profit after tax jumped 221.4% to Rs 89 crore from Rs 28 crore in Q2 FY24.
