Debt-laden Future Group looks to exit its insurance businesses

Debt-laden Future Group looks to exit its insurance businesses

Photo: Getty Images

Kishore Biyani-promoted debt-laden Future Group is planning to exit both its general and life insurance businesses by selling off its controlling stakes in the two JVs it has with Generali Participations Netherlands N.V. The group plans to utilise the sales proceeds to repay its debts.

Two people aware of the ongoing plans of Future Group confirmed this.

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