Central Bank acquires 25.18% stake in Future Generali India Life Insurance

State-owned Central Bank of India on Thursday said it has acquired a 25.18% stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of ₹57 crore as part of the insolvency process.

has acquired a 25.18% stake in Future Generali India Life Insurance Company Ltd (FGILICL) for ₹57 crore. \ The acquisition, made through an insolvency resolution plan under IBC norms, involves purchasing over 65 crore shares.