News From Press Future to sell 25% stake in insurance biz

Future to sell 25% stake in insurance biz

Source: Mint Jan 28, 2022

Future Enterprises Ltd on Thursday announced the sale of 25% stake in Future Generali India Insurance Co. Ltd, its general insurance joint venture, to partner Generali Participations Netherlands N.V. In a stock exchange filing, Future said it will get a cash consideration of ₹1,252.96 crore from the sale, “plus an additional consideration that is linked to the date of the closing of the transaction".

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