Future Enterprises is reportedly planning to sell 50% stake in insurance company Future Generali. There are currently said to be three players in line to buy stake in Future Generali General Insurance.
The debt of Future Enterprises is expected to halve post the stake sale in the insurance business. The total debt of the company stands nearly at Rs 4,200 crore.
Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.
