ICICI Lombard IPO: Fairfax, ICICI Bank to sell at least 20% stake2 min read . Updated: 12 Jul 2017, 03:04 AM IST
Fairfax to sell 13%, ICICI Bank at least 7% in ICICI Lombard's IPO, the first public listing by a general insurance firm in India
The initial public offering (IPO) of ICICI Lombard General Insurance Co. Ltd will see its founders ICICI Bank Ltd and Prem Watsa’s Fairfax Financial Holdings Ltd collectively dilute a stake of at least 20%, said two people aware of the development.
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