 "Future Generali")
Future Enterprises has for Rs 1,266.07 crore sold its 25 per cent stake in Future Generali India Insurance Company (FGIICL) to its joint venture partner Generali Participations Netherlands N. V.
Future Enterprises will continue to hold 24.91 per cent stake in FGIICL. “Pursuant to receipt of the key approvals from governmental and regulatory authorities, the said transaction has been consummated on 5th May,” it said in a stock exchange filing.
When it announced the deal in January, the company told exchanges it has received offers from potential buyers for its remaining 24.91 per cent interest in FGIICL.
The company said in January it
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