Archive · 6 Jun 2025
Central Bank of India Acquires Stake in Future Generali Insurance
The Central Bank of India has bought shares in two insurance companies, Future Generali India Insurance Company and Future Generali India Life Insurance Company, from Future Enterprises.
This allows the bank to now participate in the insurance industry.
The bank acquired a 24.91% stake in the general insurance firm and a 25.18% stake in the life insurance company.
This transaction cost the bank ₹508 crore and had approvals from various regulatory bodies.
The insurance firms are well-established, and this move marks a strategic entry for the bank into the insurance sector.
Central Bank of India acquired stakes in Future Generali India Insurance and Life Insurance.
The acquisition cost ₹508 crore for the stakes.
The bank bought 24.91% of the general insurance and 25.18% of the life insurance company.
The acquisitions mark Central Bank of India's entry into the insurance sector.
The deal received regulatory approvals from RBI, IRDAI, and CCI.
- Who
- Central Bank of India
- What
- Acquired stakes in Future Generali's life and general insurance companies
- When
- June 4, 2025 (Acquisition completed)
- Where
- Mumbai, India
- Why
- To enter the insurance market
- Total Acquisition Cost
- ₹508 crore
- Stake in General Insurer Acquired
- 24.91%
- Stake in Life Insurer Acquired
- 25.18%
- Companies Involved
- Future Generali India Insurance Company Limited (FGIICL) and Future Generali India Life Insurance Company Limited (FGILICL)
- Acquisition Completed Date
- June 4
