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Besides, FEL is also planning to sell its 33.3 per cent stake in its Life Insurance JV - Future Generali India Life Insurance Company Limited (FGILICL).
Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt
Future Enterprises to raise Rs 3,000 cr from insurance business sale
Indian equity benchmarks jumped on Thursday, riding higher on investor optimism driven mainly by a rally on Wall Street tracking robust US company earnings, but global economic growth fears, a slowdown in demand from China's stringent restrictions, and Europe's energy crisis persist.
Indian equities fell on Wednesday tracking a broader global equities sell-off as investors were rattled by economic growth fears and news that Russia will cutgas supplies to Eastern Europe added to the already grim mood.