Central Bank of India gets CCI nod to buy Future Generali stakes

The Competition Commission of India (CCI) has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance and 25.18% shareholding in Future Generali India Life Insurance by the Central Bank of India, the scheduled commercial bank said in a statement. 

The proposed combination envisages acquisition through a bid or resolution plan submitted by Central Bank of India under Insolvency and Bankruptcy Code (IBC) process.

 FGIICL is a general insurance company. It provides personal insurance, commercial insurance, social and rural insurance. FGILICL is a life insurance company. It provides savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insurance plans and group insurance plans.

Published - October 15, 2024 08:54 pm IST

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
You might also like