LIC clarifies on ManipalCigna stake acquisition buzz

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
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 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 shares climb 4%, cut gains as insurance company clarifies on rumours
LIC shares jumped 3.95 per cent to hit a high of Rs 952.50 on BSE. The stock was later trading at Rs 931.55, still up 1.67 per cent.
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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