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Generali plans to take majority stake in Indian insurance JVs

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Italian insurer Assicurazioni Generali SpA is reportedly looking to increase its stake in Indian nonlife and life insurance joint ventures to 74%, as its local partner, Future Group, intends to exit the insurance business, Verdict reported citing Reuters. Currently, Generali owns 49% stakes in Future Generali India Insurance Co. Ltd. and Future Generali India Life Insurance Co. Ltd.

 

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