The Economic Times

Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India deal

Fairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5.56 billion) deal for a 60.7% stake in the lender. The proposed restructuring would bring together banking, insurance, investment banking and wealth management, subject to regulatory approvals.