ICICI to sell 9% stake in general insurance JV to Fairfax for $237 million

ICICI to sell 9% stake in general insurance JV to Fairfax for $237 million

ICICI Bank Ltd, India’s largest private sector lender, has received its board approval to sell 9 per cent stake in ICICI Lombard General Insurance Company Ltd to its JV partner Fairfax Financial Holdings Ltd for Rs 1,550 crore ($237 million).

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