LIC in Advanced Talks to Acquire Substantial Stake in Standalone Health Insurance Company

Life Insurance Corporation of India (LIC) is in advanced talks with a standalone health insurance company to acquire a substantial stake. This move aims to broaden LIC's footprint in the health insurance market. However, it's important to note that LIC is still in advanced talks and no binding agreement has been entered into. The execution and ultimate consummation of the deal are subject to various factors, including approval from the Board of Directors, regulatory approvals, and other necessary approvals before executing any binding agreements. There can be no guarantee or assurance of the execution/consummation of the potential deal. LIC will make appropriate disclosures as and when required in compliance with applicable laws.