Antares Legal advised Industrial Investment Trust on Future Generali stake sale
Antares Legal advised Industrial Investment Trust on Future Generali stake sale
The deal was worth Rs.225 crores
The Industrial Investment Trust Limited (IITL) has sold its stake in Future Generali India Life Insurance Company Limited (a private general insurance company) to the Generali Group (an Italian insurance company based in Trieste).
IITL is a company, holding investments in its subsidiaries and other group companies and joint ventures. It invests in listed and unlisted equity share units of mutual funds, fixed deposits with banks, inter-corporate deposits and loans to its group companies and entities.
The Antares Legal team led by Siddharth Bhavnani (Partner) and Ishita Bhardwaj acted on the deal.
Early this year, the transaction had received regulatory approvals, including from the Competition Commission of India.
