Fairfax's Rs 52,878-crore acquisition of a 60.72% stake in IDBI Bank at Rs 81 per share surpasses the government's valuation, giving the Canadian investor management control while government and LIC retain 34%. Fairfax plans to integrate insurance and capital-markets businesses into a diversified financial services platform, subject to regulatory and shareholder approvals, aiming to strengthen IDBI's franchise.
