Future Enterprises Limited has informed the Exchange about Corporate Insolvency Resolution Process
FEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Future Enterprises Limited (FEL), which is under Corporate Insolvency Resolution Process (CIRP), has transferred its equity stakes in two insurance joint ventures to Central Bank of India. The transfer includes approximately 35.06 crore shares of Future Generali India Insurance Company Limited and 65.44 crore shares of Future Generali India Life Insurance Company Limited, completed on 04 June 2025. The sale was carried out under Regulation 29 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, as part of asset monetization during insolvency. The intimation was filed by Avil Menezes, the Resolution Professional of FEL, with both BSE and NSE.
This is a significant asset sale under the insolvency process, meaning FEL is liquidating its valuable JV holdings to repay creditors. For equity shareholders, this is negative news as asset sales during CIRP typically mean minimal or no recovery for shareholders, with proceeds going primarily to lenders. The stock is likely to remain under stress.