/ Fairfax Pare Stakes In Indian Insurer -ICICI Bank, Lombard IPO ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 6 June 2017

On Monday India's ICICI Bank and The Canada's Fairfax Financial Holdings Ltd it will provide to pare the stakes in the joint venture and they planned with the ICICI Lombard General Insurance Co Ltd by initial public offering shares.

ICICI Lombard said that the company's two shareholders to sell the part of their holiday by offering for sale.

22.1% of insurer, it was owned by the Canadian billionaire Prem Wasta and also it planned that 12.2% of the stock of ICICI Lombard for two investors is completed.

203 billion rupees are the values of stake of ICICI Lombard.

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