FAL Corporation, a wholly-owned subsidiary of Canada-based Fairfax Financial Holdings, has offloaded 5 percent stake in ICICI Lombard General Insurance Company for over Rs 2,500 crore through open market transactions. The shares were picked up by a host of mutual fund houses, insurance companies and foreign investors.
ICICI Lombard General Insurance Company offers its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.
