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.
Business & Finance
Reuters exclusively reports Generali eyeing bigger stake in India businesses as Future seeks exit
08 December 2021, 3:00 pm 1 minute
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