Lenders had divided the company s assets into three clusters - the company s stakes in insurance ventures, textile businesses and other residual stakes. Authum, Capri and JC Flowers are the three entities that have expressed interest in bidding for the whole company or all three clusters.
Lenders have divided FEL into three clusters. The first is the company s stakes in its life and general insurance ventures with Italian partner Assicurazioni Generali S.p.A. Banks are hoping for some recovery from FEL s remaining 26% stake in Future Generali India Insurance Co and also its residual stake in Future Generali India Life after Generali hiked its stake to above 70% in 2021.
Lenders have divided FEL into three clusters. The first is the company s stakes in its life and general insurance ventures with Italian partner Assicurazioni Generali S.p.A. Banks are hoping for some recovery from FEL s remaining 26% stake in Future Generali India Insurance Co and also its residual stake in Future Generali India Life after Generali hiked its stake to above 70% in 2021.
India Business News: NEW DELHI: The resolution professional of debt-ridden Future Enterprises (FEL) has invited Expression of Interest (EOIs) for the company’s assets, inc.
Future Enterprises: FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group. It also holds the group s investments in subsidiaries and joint ventures including in sectors like insurance, textile manufacturing, supply chain and logistics.