Hero FinCorp likely to pick-up Future Enterprise’s 50% stake in Future Generali: Sources

Hero FinCorp has emerged as the likely frontrunner to buy Future Enterprise’s 50 percent stake in Future Generali, according to sources.

Hero FinCorp – the non-banking finance company and financial services arm of the Hero Group – may replace Future Enterprise in its insurance joint venture with Generali.

Future Generali stake is pegged at approximately Rs 4,000 crore, reports CNBC-TV18’s Nisha Poddar.

Future Group and Hero FinCorp did not offer any comment on the likely insurance deal.