Central Bank of India Emerges as Successful Bidder in FCRPL's Asset Sale: Stake in Generali Central Life and Generali Central Insurance to Increase

The Central Bank of India has been declared as the successful bidder by the Committee of Creditors (CoC) for the sale of assets of Future Corporate Resources Private Limited (FCRPL). The assets include FCRPL's equity stake of 0.82% in Generali Central Life Insurance Company Limited (GCLICL) and 1.09% in Generali Central Insurance Company Limited (GCICL). Upon completion of the acquisition process, the Central Bank of India's equity stake in GCLICL and GCICL will increase from its existing level of 25.18% and 24.91% to 26% each. The bank has received a Letter of Intent dated 04™ November, 2025 in this regard.