Fairfax to bring IIFL Capital, Digit under IDBI Bank after ₹52,878 crore acquisition, build financial services group

Fairfax Financial Holdings plans to consolidate some of its existing Indian financial services investments under IDBI Bank, creating a diversified financial services group, the Canadian investment firm said in a statement, Reuters reported.The move came after the Indian government approved the sale of a 60.7% stake in IDBI Bank to Fairfax in a transaction valued at ₹52,878 crore ($5.56 billion) on Tuesday. The deal is among India's largest cross-border banking transactions.Under the proposed arrangement, Fairfax plans to transfer its 30.2%…