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Central Bank buys +25% of FGILICL
Mint Hyderabad
|June 06, 2025
State-owned Central Bank of India on Thursday said it has acquired a 25.18% stake in Future Generali India Life Insurance Co. Ltd (FGILICL) for a cash consideration of ₹57 crore as part of the insolvency process.
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With the acquisition of 654,380,439 shares on Wednesday (4 June), the bank has ventured into the insurance sector, Central Bank of India said in a regulatory filing.
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