New Delhi, June 27 -- State-owned lender Central Bank of India on Friday announced it has successfully concluded the landmark acquisition of 24.91 per cent equity stake in Future Generali India Insurance Company (FGIICL) and 25.18 per cent equity stake in Future Generali India Life Insurance Company Limited (FGILICL).

In a statement, the lender also said it completed the discussions with Generali Group on Definitive Documents including Shareholders, Trademark and Distribution Documents.

"This marks the culmination of a significant strategic initiative aimed at strengthening the Bank's presence in the insurance sector through its joint ventures in life and general insurance. This strategic partnership is aimed at enhancing insurance pene...