Warburg Pincus exits ICICI Lombard, sells remaining 2.7% stake for $195m

Warburg Pincus exits ICICI Lombard, sells remaining 2.7% stake for $195m

Photo: Pradeep Gaur/Mint

American private equity firm Warburg Pincus on Wednesday sold its remaining 2.7% stake in general insurer ICICI Lombard General Insurance Co. Ltd, for 1,378 crore (approximately $194.5 million).