|Day's Range||14.0991 - 14.0991|
|52 Week Range||9.8900 - 14.1000|
|PE Ratio (TTM)||-0.77|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
India's ICICI Lombard General Insurance Co Ltd has filed for an initial public offering (IPO) of shares in what would be the first IPO by a non-life insurance company in Asia's third-largest economy. ICICI Lombard's two main shareholders - ICICI Bank Ltd and Fairfax Financial Holdings Ltd - will sell a combined 19 percent stake in the insurer in the IPO, according to the filing released on Friday.
Allied World Assurance (AWH) has agreed to be acquired by Fairfax Financial Holdings Limited in a final exchange offer of $23.00 cash per share and 0.057937 of the latter's shares.
Bob Diamond’s African investment vehicle Atlas Mara said it is raising US$200m from Fairfax Africa and existing shareholders to kick-start the bank after a tough three years since listing. Atlas Mara, which has been buying up banking assets with the aim of becoming the leading bank in Africa, plans to sell US$100m of new shares to Fairfax Africa and existing investors, and sell US$100m of mandatory convertible bonds to Fairfax. Fairfax Africa will invest at least US$130m and up to the full US$200m, which will give it a stake of between 35% and just below 50% in Atlas Mara.