Reuters exclusively reports Generali eyeing bigger stake in India businesses as Future seeks exit - Reuters News Agency
Business & Finance

Reuters exclusively reports Generali eyeing bigger stake in India businesses as Future seeks exit

Reuters exclusively reported that Italy’s Generali is in talks to raise its stake in two Indian insurance businesses as its local partner, debt-laden Future Group, looks to exit the arrangement. Generali wants to increase its stake to as much as 74% in both the life and non-life insurance entities in India from 49% currently. Future and another Indian entity together own a 51% stake in the life insurance joint venture with Generali, while Future holds all the remaining 51% stake in the non-life insurance venture.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceEquitiesFinancial Services
Regions: Europe
Countries: Italy
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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