Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company from facing the rigour of the...
Govt’s 3.5% stake sale plan in LIC gets Sebi approval
The capital markets regulator has relaxed certain requirements for the initial public offering of Life Insurance Corp of India (LIC). The Securities and Exchange Board of India (Sebi) has allowed the government to...
Kkr To Buy 9.99% Stake In Shriram General Insurance
Private Equity firm KKR will acquire a 9.99% stake in Shriram General Insurance, according to an official statement. The acquisition is subject to necessary regulatory approvals. “KKR’s investment will position...
Tata AIA Life Insurance ties up with Common Service Centres
Tata AIA Life Insurance on Saturday said it has tied up with Common Service Centres which will provide access to about 95 per cent of gram panchayats in the country. As part of its effort to deliver much-needed life...
Tata AIG, ICICI Lombard join race to buy insurance units of Reliance Cap
Tata AIG, ICICI Lombard and Nippon Life are among 54 prominent Indian and foreign financial companies joining the race for the profit-making insurance arms of Reliance Capital, which was last year put under...
Warren Buffett strikes agreement to acquire Alleghany Corp for $11.6 billion
Warren Buffett’s Berkshire Hathaway Inc on Monday struck an agreement to buy insurance company Alleghany Corp for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment...
CCI approves acquisition of equity stake in Future Generali India by Generali
Fairtrade regulator CCI on Tuesday gave its go-ahead to Generali Participations Netherlands N.V. to increase its stake in Future Generali India Insurance Company Ltd to around 74 per cent. Generali Participations...
Bombay HC vacates order restraining Future’s stake sale in Generali insurance JV
The Bombay High Court on Monday vacated a lower court order that had restrained Future Enterprises from selling its stake in Future Generali India Insurance to its joint venture partner Generali Group. Justice Anuja...
Future Enterprises gets court nod for stake sale in Generali insurance venture
An Indian court has cleared the path for Future Enterprises’ stake sale in its general insurance joint venture with Italy’s Generali, an exchange filing showed on Monday. A Mumbai city court late last month...
Mumbai court halts Future’s stake sale in Generali JV
Mumbai’s City Civil & Sessions Court on Monday prevented Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali after it faced legal challenge by a group...
Insurer AIA Group sells Australian savings and investments business
Asia-focused insurer AIA Group said on Thursday it would sell its Australian savings and investments business to local life insurance firm Resolution Life Australasia, noting it is “non-core” to its strategy...
RenewBuy acquires fintech firm Artivatic.AI
Digital insurance marketplace RenewBuy has acquired Bengaluru-based fintech start-up Artivatic.AI, as it looks to scale up business and improve technology solutions to better serve customers in insurance claim...
