Future Enterprises News Today

Chandhiok & Mahajan has promoted Mahima Singh, Mehul Parti, and Mitesh Shah to partnership with effect from June 1, 2024.

The Nifty Realty index was trading 1.14 per cent down at 954.75.

Future Consumer terminates JV with New Zealand’s Fonterra : Rashtra News #Future #Consumer #terminates #Zealands #Fonterra The two companies have agreed to wind down their 50-50 joint venture, Fonterra Future Dairy. The firm’s board considered and approved the termination at its meeting on Thursday, Future Consumer said in a stock exchange update. Future Consumer (FCL),

Kishore Biyani: The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the country’s first mall, having opened in late 1990s in south Mumbais Haji Ali locality.

The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the countrys first mall, having opened in late 1990s in south Mumbais Haji Ali locality.

Future Enterprises to sell 25 pc stake in general insurance JV to partner Generali for Rs 1,253 Cr : Rashtra News #Future #Enterprises #sell #stake #general #insurance #partner #Generali Debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company Limited (FGIICL) to its JV partner

Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regulator had waived the lock-in for DHFL General Insurance. In 2020, this company was acquired by Flipkart co-founder and former CEO Sachin Bansal from Kapil Wadhawan-led financial services group Wadhawan Group Capital (WGC) for ₹100 crore as a distressed sale due to the bankruptcy of DHFL.

Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regulator had waived the lock-in for DHFL General Insurance. In 2020, this company was acquired by Flipkart co-founder and former CEO Sachin Bansal from Kapil Wadhawan-led financial services group Wadhawan Group Capital (WGC) for ₹100 crore as a distressed sale due to the bankruptcy of DHFL.

Lenders had initiated SARFAESI proceedings to recover their dues totalling ₹571 crore from the company but they received no bids until the end of the auction deadline on Monday at a reserve price of ₹500 crore.

Lenders had divided the companys assets into three clusters, the companys stakes in insurance ventures, textile businesses and other residual stakes, , NCLT, insolvency resolution