From Yahoo Finance: 2025-06-09 07:55:00

The Central Bank of India (CBI) has acquired 25.18% stake in Future Generali India Life Insurance Company Limited (FGILICL) for Rs570m and 24.91% stake in Future Generali India Insurance Company Limited (FGIICL) for up to Rs4.5bn in cash. The deals involved the purchase of over 65 crore equity shares in FGILICL and over 35 crore equity shares in FGIICL. Approvals were obtained from CCI, RBI, and IRDAI for the acquisitions. In November 2024, RBI approved CBI’s proposal to enter the life and non-life insurance sectors through a partnership with Generali group. FGILICL and FGIICL are Mumbai-based companies incorporated in 2006, offering a range of insurance solutions for individuals and groups. Generali holds majority stakes in both entities.



Read more at Yahoo Finance: Central Bank of India picks stake in Future Generali entities