Fairfax Financial to sell 12.2 percent of ICICI Lombard
After the sale India’s ICICI Bank Ltd will own about 63.3 percent of the insurer, while Fairfax’s stake will come down to about 22.1 percent.
In January sources familiar with the matter said Fairfax was looking to sell a 25 percent stake in ICICI Lombard as it looks to set up a new general insurance joint venture in India.
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