In furtherance to the intimation letter dated December 06, 2021 regarding the proposed transaction of sale / disposal of the Company's equity stake of 32,67,00,000 equity shares of Rs 10 each, representing 16.62% of the equity share capital of Future Generali India Life Insurance Company (FGILICL), a joint venture entity of the Company to one of the Joint Venture Partners of FGILICL, Generali Participations Netherlands N.V., Industrial Investment Trust has informed that the Company has entered into a Share Purchase Agreement (SPA) with Generali Participations Netherlands N.V. and a restated Joint Venture Agreement (JVA) with Generali Participations Netherlands N.V., Future Enterprises, Sprint Advisory Services and Future Generali India Life Insurance Company on December 18, 2021.
The above information is a part of company’s filings submitted to BSE.
