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

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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.