Generali said it has completed the acquisition of the entire stake (about 16%) held by Industrial Investment Trust Limited (IITL) in Future Generali India Life (FGIL) and the subscription of additional shares in FGLI, following receipt of all necessary approvals from the relevant regulatory and competition authorities.
Generali now holds a stake of about 68% in FGIL, which may increase further to 71% by the end of 2022, following further subscription of shares by Generali, it said
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