Fairfax sells 12.18% stake in ICICI Lombard for Rs 2,500 crore
Fairfax has announced on Saturday that it has sold its 12.18% stake in ICICI Lombard to a consortium of three private equity investors led by Warburg Pincus.
Post completion of the transaction, the share ownership in the Company of ICICI Bank and Fairfax will be around 63.31% and 22.13% respectively. Representational Image. Image Source: ICICI Lombard/Official Website