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of <h1>Generali Gains Approval to Boost Stake in Future Generali India Life Insurance from 49% to 71% in Multi-Tranche Deal.</h1> The Competition Commission of India has approved the acquisition of additional shares in Future Generali India Life Insurance Company Limited by Generali Participations Netherlands N.V. This transaction will increase Generali's shareholding in the company from 49% to approximately 71%. The acquisition will occur in three tranches: subscribing to new equity shares through preferential allotment, purchasing the entire shareholding of Industrial Investment Trust Limited, and further subscribing to additional equity shares. Generali Participations Netherlands N.V. is a subsidiary of Assicurazioni Generali S.p.A, a global insurance provider active in the Indian market through Future Generali India Life Insurance.
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