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Fairfax to bring IIFL Capital, Digit under IDBI Bank after 52,878 crore acquisition, build financial services group

Fairfax plans to transfer its stakes in IIFL Capital Services and Digit to IDBI Bank, creating a diversified financial services group after its 52,878 crore acquisition of a 60.72% stake in the lender. The restructuring will cover banking, insurance, investment banking and wealth management.