India: Fairfax sells remainder stake in ICICI Lombard ending 18 year run

India: Fairfax sells remainder stake in ICICI Lombard ending 18 year run

A man walks past a Fairfax Holdings sign directing shareholders to the meeting, at the annual general meeting for shareholders in Toronto, April 9, 2014. REUTERS/Mark Blinch

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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