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ICICI Bank's board has approved the sale of part of its stake in ICICI Lombard General Insurance Co via an IPO -- the Indian lender's second such deal following the successful listing of ICICI Prudential Life Insurance Co.
The move is subject to approvals and market conditions, with the size and other details of the IPO to be confirmed later, ICICI said in a stock exchange filing on Monday.
Canada's Fairfax Financial...