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Reliance General may merge with Future Generali

Last Updated: Jun 07, 2012 | 2812 Views

Future group which has wanted to exit the insurance space might have finally found a buyer in Reliance General. Industry sources suggest that Anil Ambani led Reliance General may merge with Kishore Biyani led Future Generali.

Reliance may merge with Future Generali

Future may exit the general insurance business thereby making way for Reliance to take over its place in the joint venture. And Reliance may eventually merge the two non-life insurance ventures into one retaining Generali as the foreign arm.

Reliance Capital, Generali and Future Group will work out the arrangement of stake sell in such a way that Future can exit completely and Generali continues to hold 26% in the merged entity and comply with the FDI norms.

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