Central Bank & Future Generali Life Deal

  Published 10 months ago

Central Bank of India has taken a 25.18% equity stake in Future Generali India Life Insurance Company (FGILICL). This acquisition follows approval via a Letter of Intent dated August 20th, 2024, under IBBI Regulation 29.

  • Central Bank gains significant insurance stake.
  • FGILICL welcomes new major shareholder.
  • Deal approved under IBBI regulations.

You might like these

Nifty 50 Earnings Momentum Stalls

NIIF Council Approves $1B Fund, Greenfield Investments

Prime Focus Sees Big Investor Moves

Bajaj Auto July Sales Up 3% YoY

RBI June 2025 Deposit Trends

India's RBI to Use CRR More Frequently for Liquidity Management

Jio Payments Bank Wins MLFF Toll Rights

News that matters the most ⚡