LIC shares extend gains to 3rd day; PSU in talks to buy stake in standalone health insurer
LIC Share Price: Life Insurance Corporation of India (LICI) shares continued to rise for the third session in a row on Wednesday, afer the life insurance PSU stated that it was in advanced discussions to acquire a substantial stake in a standalone health insurance company to broaden its footprint in the health insurance segment. Read on to learn about this news in detail.
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LIC Share Price Latest News: Life Insurance Corporation shares—traded with the symbol LICI on stock exchanges BSE and NSE—rose for a third straight session on Wednesday, taking its cumulative gains to 5.0 per cent. The latest bout of buying interest came after the state-run life insurer said that it was in advanced talks to grab a substantial stake in a standalone health insurance company in order to broaden its footprint in the country’s health insurance market.
LIC Stock Price News | LIC Shares Up 5.0% in 3 Days
The LIC stock ended stronger by Rs 19.4, or 2.6 per cent, to end at Rs 777.1 apiece on BSE, taking its gains to 5.0 per cent in three consecutive sessions.
During Wednesday's session, Life Insurance Corporation shares gained by as much as Rs 23.1, or 3.0 per cent, to Rs 780.8 apiece on the bourse.
At its intraday high, the stock took its cumulative gains to 5.5 per cent in three days.
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LIC Clarification on Whether it is Looking to Enter Health Insurance Business
LIC’s clarification followed certain reports suggesting that the PSU was looking to enter the health insurance business.
LIC “is still in advanced talks and no binding agreement has been entered into”, the insurance behemoth said.
It also said that the “execution and ultimate consummation of the deal” is subject to various factors, including approvals from from its board and regulators, before executing any binding agreements.
No Guarantee or Assurance of Potential Deal, Says LIC
“There can be no guarantee or assurance of the execution/ consummation of the potential deal. The Corporation will make appropriate disclosure in compliance with applicable laws, as and when required,” added LIC.
LIC Share Price History
LIC shares have lost about 13 per cent of their value so far in 2025, underperforming a 3.5 per cent decline in the headline Nifty 50 index.
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