(Refiles to fix Reuters Identification Code for Generali)

MUMBAI, April 21 (Reuters) - India's Larsen & Toubro Ltd

LART.NS said on Monday its unit had called off talks with Future Generali Insurance, a joint venture between local retail chain operator Future Group and Italy's Generali GASI.MI , to merge their businesses.

The company did not give any reason for ending the merger talks.

Last March, L&T General Insurance, a unit of construction and engineering company Larsen & Toubro, and Future Generali had signed an agreement to merge the businesses.

After the deal, L&T was expected to hold a 51 percent stake in the joint venture, with Generali holding 26 percent and the rest with Future Group. ID:nWNAS0020N

(Reporting by Aradhana Aravindan; Editing by Sumeet Chatterjee)

((aradhana.aravindan@thomsonreuters.com)(+91-22-6180-7138)(Reut ers Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net))

Keywords: L&T INSURANCE/