InvestorQ : Is Future Enterprises selling off its insurance stake JV?
Riya Dwivedi made post

Is Future Enterprises selling off its insurance stake JV?

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shrinidhi Rajan answered.
1 week ago
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Future Enterprises looks to raise Rs.3,000 crore by selling its stake in its insurance ventures. This could possibly save them from insolvency process. Future Enterprises has sold 25% stake in Future Generali to joint venture partner, Generali SPA, for Rs.1,266 crore, but still holds another 25% in the venture. If the stake in the life insurance business is added, it can just about raise Rs.3,000 crore. But could be too little and too late.
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