Fairfax to part exit India's ICICI Lombard
Fairfax Financial Holdings will sell a 12.2% stake in ICICI Lombard General Insurance to a group of PE investors including Warburg Pincus, Tamarind Capital, and IIFL Asset Management.
The deal values the company at INR203 billion ($3.1 billion), according to a release, and is expected to close in the third quarter of 2017 pending regulatory approval. The sale will leave Fairfax with...
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