IRDA waives lock-in period for Fairfax's stake in ICICI Lombard

India’s insurance regulator has paved the way for Canadian firm Fairfax Financial Holdings Ltd to exit its almost two-decade-long investment in ICICI Lombard General Insurance Company Ltd after waiving a share lock-in period. Indian-born Canadian billionaire Prem Watsa-led FAL Corporation, an affiliate of Fairfax Financial, held a 9.9% stake in ICICI ......