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Central Bank Purchases 25.18% Stake in Future Generali India Life Insurance.

Banking & Finance | Dated: 08 Jun 2025

In June 2025, Mumbai (Maharashtra)-based Central Bank of India (CBOI), a leading Public Sector Bank, completed the acquisition of a 25.18% equity stake in Mumbai (Maharashtra)-based Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process.

🎯 Key Highlights:

  • - Additionally, the bank acquired a 24.91% stake in Mumbai (Maharashtra)-based Future Generali India Insurance Company (FGIICL) for Rs 451 crore.

💡 Other Important Facts:

  • (i) Mumbai-based Life Insurance Corporation of India (LIC), India’s largest institutional investor, increased its shareholding in Hyderabad (Telangana)-based pharmaceutical company Dr. Reddy’s Laboratories Limited from 6.2% to 8.21%.
  • (ii) Mumbai-based private sector lender, YES Bank Limited, announced that CA Basque Investments, a Mauritius-based private Special Purpose Vehicle (SPV) owned by the United States of America (USA)-based Carlyle Group, sold its 2.62% stake in the bank for Rs 1,775 crore through open market transactions.
  • (iii) The board of VES Bank approved a fundraising plan of up to Rs 16,000 crore for Financial Year 2025-26 (FY26), through a combination of equity and debt to support business growth.

📚 Test Your Knowledge:

Which bank acquired a 25.18% stake in Future Generali India Life Insurance in June 2025?

Correct Answer: Central Bank of India

🚀 Quick Recap:

About Central Bank of India (CBOI)

  • MD & CEO : Matam Venkata (M.V.) Rao
  • Headquarter : Mumbai