Future Enterprises to sell 25 pc stake in general insurance JV to partner Generali for Rs 1,253 Cr

"FEL has agreed to sell a 25 per cent stake in its General Insurance Joint Venture, FGIICL, to its Joint Venture partner Generali for a cash consideration of Rs 1,252.96 crore, plus an additional consideration that is linked to the date of the closing of the transaction," the regulatory filing by the Future Group firm said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3AxMVoA