Fairfax maps IDBI, Digit and IIFL into India financial-services plan

Fairfax Financial is set to acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore and plans to make the lender the centre of its India financial-services platform. Fairfax holds 49% in Go Digit and 30.2% in IIFL Capital, both of which would come under IDBI. Fairfax says governance, management and operating structures will remain unchanged.

Source: ET BFSI ↗