LIC to finalise stake buy in health insurance firm in FY25: CEO Mohanty

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Life Insurance Corporation MD and CEO Siddhartha Mohanty on Friday said the state-owned company will take a call on buying a stake in a standalone health insurer in the current financial year.

"The ground work is going on...search for suitable health insurance company is going on...we will finalise stake within this financial year," he said during post result media conference.

Asked about the quantum of stake LIC will have in health insurance company, he said it would depend on various factors, including valuation.

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Category: BusinessFinance

Markets: India

Topics: Life Insurance Life Insurance Corporation Health insurance LIC Siddhartha Mohanty

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 19:59:17 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 337 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23470794

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