LIC shares climb over 5% after acquisition clarification; well-positioned for bancassurance regulatory shifts
LIC shares surged 5.1% after clarifying talks to acquire a stake in ManipalCigna Health Insurance, amid growing concerns over bancassurance regulatory changes and LIC's strong market position.
LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said
LIC clarified that it is exploring various strategic opportunities, including in health insurance, but currently no material information requires disclosure regarding a potential 50% stake acquisition in ManipalCigna Health Insurance.
LIC Shares Surge 5% Post Purchase Clarification
The explanation reaffirmed LIC's continued dedication to growing its company, especially in the health insurance industry.
LIC rises for 6th day, clarifies on ManipalCigna stake buzz
LIC is the largest life insurer in the country. On a consolidated basis, its net profit declined 3.8% to Rs 7728.68 crore while total income rose 14.1% to Rs 231926.41 crore in Q2 September 2024 over Q2 September 2023.
LIC’s potential acquisition of ManipalCigna could shake-up the health insurance sector: Analysts
While LIC surged over 2 percent following the media report, Star Health and Niva Bupa declined up to a percent on
Healthy ambitions: LIC eyeing ManipalCigna
LIC plans to buy half of ManipalCigna Health Insurance. The deal could be worth ₹4,000 crore. This move will let LIC enter the health insurance market. ManipalCigna is a joint venture between Manipal Group and Cigna Corporation.
LIC in talks to acquire 50% stake in ManipalCigna Health Insurance
The discussions, in their early stages, aim to help LIC diversify beyond life insurance and tap into the growing health insurance demand
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LIC targets 50% in ManipalCigna to enter health insurance space: Report
The Life Insurance Corporation of India (LIC) is in advanced discussions to acquire up to a 50 percent stake in ManipalCigna Health Insurance, according to a report by The Economic Times.
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