Future Enterprises Get Bombay High Court’s Permit for Stake Sale in Insurance Joint Venture

The Bombay High Court has permitted Future Enterprises to sell its stake in insurance joint venture Future Generali to Italian partner Generali, the organization said in an administrative filing on Tuesday.

A local city court in Mumbai, following protests raised by a few bold holders of Future organizations, had last month put on pause the arrangement of the money starved Future Enterprises to sell 25% of its stake in Future Generali India Insurance Company to Generali for about Rs 1,252 crore.

Future Enterprises filed an appeal with the Bombay High Court, which on Monday put away the request for the city court, the organization said.



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