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Published: August 15, 2023
Updated: August 15, 2023
Even as Mukesh Ambani did not participate in the race to buy Reliance Capital, the Hinduja group has won out. Now, Reliance Retail Ventures, a subsidiary of RIL , has emerged as the highest bidder for Future Enterprises, a bankrupt firm.
Future Enterprises owns a stake in Future Generali India Life Insurance Company, a JV with Generali of Holland. It also holds a stake in Future Generali India Insurance Company, a general insurance company.
RIL is making a big bang entry into the financial services business with former ICICI Bank chairman KV Kamath leading the foray. The insurance JVs of the Future group will be a good addition to its business plans.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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