Fairfax Plans to Fold Digit and IIFL Capital Under IDBI Bank in Sweeping Financial Services Restructuring
Fairfax Financial Holdings is preparing to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, a move that could create a diversified financial-services platform spanning banking, insurance, investment banking and wealth management. The proposed restructuring follows Fairfax’s selection as the strategic buyer for a 60.72% stake in IDBI Bank for about Rs 52,878 crore, underscoring its intent to build a broader India-focused financial franchise.
