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India’s Life Insurance Corporation (Lic) is negotiated to get 40-49% of the manipalcigna health insurance Economic periods He said.
The report said that the action can appreciate the health insurer in the history of approximately Rs35BN-37.5bn ($ 408 million).
Manipalcigna is a common enterprise between India-based manipal education and medical groups and Cigna Corporation in the United States.
The Manipal Group increased the share by 49% in 2019 by the remaining 49% by Cigna.
If it is concluded, the contract would include LIC foray in the Medical Insurance space.
There are purchasing discussions Recently made headlinesHowever, a compulsory agreement was not signed yet.
The transaction ends, in accordance with the previous exchange document of the company, it is considered approved by the Board of the LIC and the regulatory authorities.
At the beginning of this month, the leading director of the Lic and Siddhartha Mohany pointed out in the advertisement by the end of March 31.
However, he did not disclose the identity of the target company.
The size of the Pishta is subject to various factors as a decision of the assessment and board, it said that it could not be interested in control of the health insurer.
About the sides of the global conference of the actuary event in Mumbai, Mohany, “This is a natural choice to be in health insurance, the final stage is being discussed.”
“India’s license was reported to be distributed in Manipalcigna health insurance” was first created and published Life insurance internationalA global brand.
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