Future Enterprises to sell 25 pc stake in General Insurance JV to partner Generali for Rs 1,253 Cr - Jammu Kashmir Latest News | Tourism

New Delhi, Jan 27: Debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company Limited (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore as part of its asset monetisation plans to pair debts. Besides, Generali has also acquired an option to buy out the Future Enterprises Limited’s (FEL) remaining interest in FGIICL, which operates in the general insurance business, said a late-night regulatory filing […]

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