Fairfax seeks to trim further stake in ICICI Lombard

Fairfax seeks to trim further stake in ICICI Lombard

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 is looking to pare its stake in general insurance company ICICI Lombard General Insurance Co. Ltd and is likely to soon launch a block trade for the same, said two people aware of the development.

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