Fairfax buys IDBI stake for ₹6,100 cr less than market value, sells own firms at full price: Report

The Centre announced on October 14 that Fairfax will buy IDBI Bank's 60.72% stake for ₹81/share, even though IDBI shares closed ₹9 higher at ₹90.39 that day, BW Businessworld reported. The share price gap translated to a ₹6,100-crore valuation cut. Meanwhile, Fairfax announced it's selling its stakes in Go Digit and IIFL Capital to IDBI at "market prices".