Canadian billionaire Prem Watsa’s Fairfax sold its entire remaining stake in ICICI Lombard General Insurance Co. Ltd shares worth Rs2,626.5 crore, ending its 18 year run as an investor in the company. The stake sales come 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.
Prem Watsa’s Fairfax sells remainder stake in ICICI Lombard ending 18 year run
Date posted: Friday 18 October 2019