Promoter Fairfax declared Strategic Buyer for IDBI Bank; Digit to be contributed

Listed Co AcquisitionMarquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

GODIGIT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹283.50

prior close

₹285.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+0.4% vs market

General Insurance peers, median of 5sector-0.7%+1.8% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.8 pts more than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.8

15m

-1.0

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+0.7+0.4-0.7+1.8

Next day

+3.6-1.0+4.5-1.7+5.2

-0.5-3.6+3.0-3.0+2.5

-4.0-4.5+0.6-3.5-0.5

-4.8-6.8+2.0-5.6+0.8

-5.6-6.4+0.8-6.6+1.0

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · General Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Fairfax, parent of Go Digit's promoter, declared Strategic Buyer for 60.72% stake in IDBI Bank at INR 81 per share, about INR 528.78 billion (US$5.6 billion) total, a 23% premium to book value. Fairfax plans to contribute Go Digit Life, Go Digit General Insurance, and IIFL Capital to IDBI Bank. Subject to RBI, SEBI, and IRDAI approvals. Digit leadership to stay. No binding agreement yet.

Likely market impact

If completed, Go Digit becomes part of IDBI Bank, gaining huge banking distribution. Deal pending approvals; no binding agreement yet.