India's Central Bank wins bid for Future Enterprises' life and general insurance ventures.

India's Central Bank emerged as the successful bidder for Future Enterprises' stake in life and general insurance ventures, Future Generali India Life Insurance and Future Generali India Insurance, as chosen by the Committee of Creditors (CoC). This move follows loan defaults by Future Retail Ltd, leading to insolvency resolution proceedings against the firm under the Insolvency & Bankruptcy Code.

August 21, 2024
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