Fairfax Financial plans to merge Digit, IIFL Capital with IDBI Bank

Fairfax Financial plans to merge its insurance unit Digit and IIFL Capital with IDBI Bank. The Canadian firm will acquire a 60.72 percent stake in IDBI Bank in a Rs 53,000-crore privatisation deal, the Indian government's largest bank sale. The AIIEA union condemned the CCEA decision to offload the majority stake.

Source: Fairfax Financial plans to merge Digit, IIFL Capital with IDBI Bank — Business Standard

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