India, Feb. 26 -- Insurtech major Go Digit has invested INR 30 Cr in pharmaceutical major Dr. Reddy's Laboratories, acquiring a 0.32% stake in the company.

"The investment in shares is being made in the ordinary course of the investment function of the company," Go Digit said in an exchange filing.

Insurance companies invest a part of their premiums in government securities, stocks listed on stock exchanges, among others, to generate income.

Founded in 1984, Dr. Reddy's provides a portfolio of products and services, including active pharmaceutical ingredients (APIs), custom pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.

Meanwhile, Go Digit was founded in 2017 by Kamesh Goyal. It is a full-stack d...