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Fairfax sells half its stake in ICICI Lombard, earns modest returns

By Ankit Doshi

  • 26 Sep 2019
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Fairfax sells half its stake in ICICI Lombard, earns modest returns
Credit: 123RF.com

Canadian investment firm Fairfax Financial Holdings Ltd has sold half its stake in ICICI Lombard General Insurance Company Ltd, as it prepares to bring the curtains down on its longest India investment. The firm controlled by India-born billionaire Prem Watsa sold a 5% stake in the insurer for Rs 2,561 crore ......

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