Canadian billionaire Prem Watsa’s Fairfax sold ICICI Lombard General Insurance Co. Ltd shares worth Rs2,561.5 crore, selling close to half of its stake in the company. The stake sale comes after the insurance regulator Insurance Regulatory and Development Authority (Irdai) on 3 September, allowed an exception to Fairfax on the lock-in period of shares held by it in ICICI Lombard.