15-Oct-2026 21:47:49

GODIGITAcquisition and merger

GODIGIT : FAIRFAX DECLARED STRATEGIC BUYER FOR 60.72% IDBI STAKE WORTH OVER RS 52,878 CR

• Fairfax (FFHL and FIH) declared "Strategic Buyer" for 60.72% equity stake in IDBI Bank via GoI strategic disinvestment • Bid price INR 81 per share, total ~₹52,878 Cr (~US$5.6 billion), ~23% premium to IDBI book value as of June 30, 2026 • Fairfax proposes to contribute FFHL's interests in Go Digit Life Insurance and Go Digit General Insurance (Digit) and FIH's interest in IIFL Capital Services to IDBI Bank • Contribution transactions subject to RBI, SEBI, and IRDAI approvals; no binding definitive agreements yet • Fairfax expects no change in governance or management of Digit; Kamesh Goyal remains Founder and Chairman

Go Digit General Insurance Limited

Open attachment

← Back to feed