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Articles for Insurer, search results for stake

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said
3 weeks, 5 days ago

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said

Live Mint  

Stock Market Today: Public sector insurer Life Insurance Corporation of India clarified in an exchange filing on Thursday, November 28, regarding a recent news item about a potential 50% stake acquisition in ManipalCigna Health Insurance. Business daily The Economic Times today reported that Life Insurance Corporation of India is in discussions to acquire a nearly 50% stake in ManipalCigna Health …

Life Insurance Lic Life Insurance Corporation Of India Manipalcigna Stake
Explained: Why LIC share price gained nearly 4% in early trade
3 weeks, 5 days ago

Explained: Why LIC share price gained nearly 4% in early trade

India Today  

Shares of Life Insurance Corporation of India rose nearly 4% in early trade after a media report indicated that the state-owned insurer has moved closer to acquiring half of ManipalCigna Health Insurance. This potential deal would mark LIC’s entry into the growing health insurance market, diversifying its business from its core life insurance offerings. If finalised, the deal is expected …

Health Insurance Lic Share
LIC looks to buy stake in standalone health insurer by March; Q2 profit falls nearly 4%
1 month, 2 weeks ago

LIC looks to buy stake in standalone health insurer by March; Q2 profit falls nearly 4%

Live Mint  

Mumbai: Life Insurance Corporation of India is identifying and evaluating standalone health insurers to acquire stake in one of these by March 2025, according to MD and CEO Siddhartha Mohanty. We’ll have stake in some standalone health insurer, at least within this financial year,” Mohanty said during the insurer’s earnings call, adding that the process is taking some time due …

Policy Structure Crore Insurer Stake Margins Vnb
Health insurer Niva Bupa files for Rs 3,000 crore IPO
5 months, 3 weeks ago

Health insurer Niva Bupa files for Rs 3,000 crore IPO

New Indian Express  

MUMBAI: Niva Bupa Health Insurance Company, which was earlier known as Max Bupa, has filed the papers with the markets watchdog the Securities and Exchange Board for a Rs 3,000-crore primary issue. Niva Bupa is one of largest and fastest growing standalone retail health insurer, with a gross direct written premium of Rs 5,499.43 crore in fiscal 2024 up 37.68 …

Health Crore Cent Ipo Bupa Niva Bupa
Niva Bupa weighs stake sale at $2 billion valuation: Report
1 year, 10 months ago

Niva Bupa weighs stake sale at $2 billion valuation: Report

Live Mint  

An Indian general insurer backed by British United Provident Association Ltd. is considering selling a minority stake that could value the firm at around $2 billion, according to people familiar with the matter. Niva Bupa Health Insurance Company Ltd., a joint venture between the UK insurer and Indian private equity fund True North, is working with an adviser on the …

Indian Insurer Its Stake Bupa Niva Bupa Stake Sale True North
LIC IPO: Investors may get shares dividend, hints insurer
2 years, 6 months ago

LIC IPO: Investors may get shares dividend, hints insurer

India Today  

Life Insurance Corporation of India will hold a meeting of its board of directors to consider and approve payment of dividends, if any, the insurance behemoth said in a BSE-filing. The country's largest insurer made a lacklustre debut on stock exchanges, listing at over 8 per cent discount after a successful initial public offering which fetched Rs 20,557 crore for …

Stock Price Dividend Bse Corporation Shares Ipo Lic
LIC IPO to open on May 4, govt to sell 3.5% stake in state-owned insurer
2 years, 7 months ago

LIC IPO to open on May 4, govt to sell 3.5% stake in state-owned insurer

India Today  

The long-awaited Initial Public Offering of insurance behemoth Life Insurance Corporation has been cleared and an official announcement is likely in the coming days. According to sources, the IPO issue size for the company whose embedded value, a measure of the consolidated shareholders’ value in an insurance company, is pegged at about Rs 5.4-lakh crore will be Rs 21,000 crore. …

India Crore Lic Lic Ipo Trimmed Ipo
Explained | What must LIC IPO investors keep an eye on?
2 years, 10 months ago

Explained | What must LIC IPO investors keep an eye on?

The Hindu  

The story so far: The Life Insurance Corporation of India filed its draft red herring prospectus with capital markets regulator SEBI last Sunday. The main types of risks that could impact LIC and as a result shareholder returns relate to regulatory requirements, competition, the pandemic effect, the Government still retaining majority control, as well as specifics such as the segregation …

India Insurance Market Life Bank Crore Insurer
Government paves way to take LIC to the stock exchange
3 years, 10 months ago

Government paves way to take LIC to the stock exchange

Hindustan Times  

The government on Monday paved the way for the proposed initial public offering of state-run Life Insurance Corporation. The finance minister said the Central government will hold an at least 75% in LIC for the first five years after the IPO, and subsequently retain at least a 51% stake in the insurer. Announcing the budget for fiscal 2022, finance minister …

Insurer Ipo Lic
LIC IPO may spill over to next fiscal as govt looks at valuation of insurer
4 years, 1 month ago

LIC IPO may spill over to next fiscal as govt looks at valuation of insurer

India TV News  

The mega initial public offering of Life Insurance Corp may spill over to the next fiscal as the government will first look at the independent actuarial valuation of the country's largest insurer, a top official has said. Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages …

Fiscal Ipo Valuation Lic Embedded Value
ICICI Lombard to Acquire Bharti AXA General Insurance in All Stock Transaction
4 years, 4 months ago

ICICI Lombard to Acquire Bharti AXA General Insurance in All Stock Transaction

News 18  

ICICI Lombard General Insurance has said it has entered into a definitive agreement to acquire Bharti Enterprises-promoted Bharti AXA General Insurance in all stock transaction. The board of ICICI Lombard General Insurance "at its meeting held on August 21, 2020, considered and approved a 'scheme of arrangement' amongst Bharti AXA General Insurance and former company and their respective shareholders and …

Insurance General Icici Bharti Bharti Enterprises Lombard Icici Lombard