LIC clarifies on ManipalCigna stake acquisition buzz

‘There is no material…’ - What LIC said on ManipalCigna acquisition buzz
Shares of Life Insurance Corporation of India (LIC) jumped over 2% to hit an intraday high of Rs 952.50 on BSE amid the acquisition buzz. The BSE 200 stock closed in the green at Rs 939.55, adding 23.
'No material event at this stage': LIC clarifies on ManipalCigna acquisition rumours
LIC clarified that it is exploring various strategic opportunities, including in health insurance, but there is no material event requiring disclosure at this time, as per its filing to the stock exchanges.
LIC Issues Clarification On Reports Of Stake Acquisition In ManipalCigna Health Insurance
India's largest public sector insurer, Life Insurance Corporation of India (LIC) on Thursday (November 28) through the regulatory filing issued a clarification related to speculation about the company's potential acquisition of a 50 per cent stake in ManipalCigna Health Insurance.
LIC shares in focus on likely health insurance foray
LIC shares are in focus in Thursday's trade as the largest public insurer is set to enter the health insurance space. The company as per reports is in discussion to acquire as much as 50 per cent stake in Manipal Cigna Health Insurance.
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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