Fairfax Plans to Fold IIFL Capital, Digit Into IDBI Bank After $5.56 Billion India Stake Deal
Fairfax Financial Holdings is preparing to reorganise its Indian financial assets under IDBI Bank after regulators cleared its Rs 52,878 crore acquisition of a 60.7% stake in the lender. The proposed structure would bring together banking, insurance, investment banking and wealth management under one umbrella, subject to further approvals and integration steps.
