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Fairfax has also proposed bringing its interests in Go Digit Life Insurance, Go Digit General Insurance and IIFL Capital Services under IDBI Bank.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The company's loss ratio increased to 73.3% during the quarter from 70.3% a year ago.
Net profit jumped 31% to Rs 116.51 crore in the three months ended September 30, 2025.
Go Digit added it plans to respond within the stipulated period, submitting supporting documents and evidence.
The insurer posted gross premium written growth of 12% to Rs 2,982 crore during the June quarter.
