INSUBCONTINENT EXCLUSIVE:
Future Enterprises from selling its stake in its general insurance joint venture business with Italy's Generali, following a legal
challenge by a group representing bondholders, two sources familiar with the matter told Reuters.Future Enterprises said in January that it
foreign bondholders who subscribed to Future Enterprises companies that had defaulted
The bondholders had rights mandating Future Enterprises not to dilute its Future Generali stake, one of the sources said.After hearing IDBI,
the court ordered Future Enterprises to hold off from selling the stake until the next hearing on March 10.Future and IDBI Trusteeship did
not immediately respond to a request for comment.
