Prem Watsa's Fairfax sells remainder stake in ICICI Lombard ending 18 year run
- ICICI Lombard started as a JV between private sector lender ICICI Bank and Fairfax in 2001
- On wednesday, shares of ICICI Lombard closed at Rs1,206.75 apiece, down 4.77% on the BSE
MUMBAI : Canadian billionaire Prem Watsa’s Fairfax on Wednesday 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.
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