LIC clarifies on ManipalCigna stake acquisition buzz

'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 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.
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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LIC’s acquisition of ManipalCigna could shake-up the health insurance sector: Analysts
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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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