IRDA waives lock-in period for Fairfax's stake in ICICI Lombard

By Ankit Doshi

  • 04 Sep 2019
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Credit: 123RF.com

India’s insurance regulator has paved the way for Canadian firm Fairfax Financial Holdings Ltd to exit its almost two-decade-long investment in ICICI Lombard General Insurance Company Ltd after waiving a share lock-in period. Indian-born Canadian billionaire Prem Watsa-led FAL Corporation, an affiliate of Fairfax Financial, held a 9.9% stake in ICICI ......

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