Intimation for transfer of shares
FELDVR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Future Enterprises Ltd (currently under Corporate Insolvency Resolution Process) transferred its entire equity stakes in two insurance joint ventures — Future Generali India Insurance Company Ltd (35.06 crore shares) and Future Generali India Life Insurance Company Ltd (65.43 crore shares) — to Central Bank of India on June 4, 2025. The transfer was carried out under Regulation 29 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional, Avil Menezes, signed the intimation filed under SEBI LODR. This move is part of the insolvency resolution process, where assets are being monetised or transferred to creditors to settle dues.
This signals further asset erosion for existing shareholders (including DVR holders), as key JV holdings are being handed over to a creditor bank. It confirms the CIRP is advancing toward resolution, likely leaving little residual value for equity shareholders of Future Enterprises.