Go Digit Promoter Fairfax Declared Strategic Buyer For 60.72% IDBI Bank Stake

Fairfax subsidiary declared Strategic Buyer for 60.72% stake in IDBI Bank at Rs81/share totalling ~Rs528.78bn, plans to contribute Go Digit General and Life Insurance plus IIFL Capital to IDBI Bank, subject to RBI, IRDAI, SEBI and other approvals; no definitive agreements signed yet.