Future Group to sell 25% stake in insurance JV to Generali for ₹1,253 cr

Debt-ridden Future Group will sell its 25% equity in Future Generali India Insurance (FGIICL) to its joint venture partner Generali for a cash consideration of ₹1,252.96 crore, the company said. Generali has also acquired an option to buy out Future Enterprises' remaining interest in FGIICL, directly or through a nominee. Currently, Future Enterprises holds a stake of 49.91% in FGIICL.