Terminates JV agreement with Fairfax Financial Holdings on 03 July
ICICI Bank announced the termination of the joint venture agreement with Fairfax Finanacial Holdings on 03 July 2017. This termination agreement relates to approval of sale of a part of ICICI Bank shareholding in ICICI Lombard General Insurance Company (the 'Company') in an initial public offering proposed to be undertaken by the Company. The Termination Agreement has customary provisions for protection of parties in the event of non-completion of the proposed initial public offering on or before a mutually agreed date.Powered by Capital Market - Live News
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