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HomeBusinessFuture Group sells 25% stake in FGIICL to Generali

Future Group sells 25% stake in FGIICL to Generali

New Delhi, May 5 (PTI) Debt-ridden Future Group on Thursday said it has sold 25 per cent stake in Future Generali India Insurance Company Ltd (FGIICL) to its joint venture partner Generali for Rs 1,266.07 crore.

Future Enterprises Ltd (FEL) told the stock exchange that 25 per cent stake was sold on Thursday after obtaining necessary approvals from the government and key regulators.

The said transaction was completed on May 5, 2022, after obtaining approvals from the government and regulatory authorities, the company said. The company has sold 25 per cent of the shares for Rs 1,266.07 crore.

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