LIC share Price: LIC shares climb over 5% after acquisition clarification; well-positioned for bancassurance regulatory shifts

Shares of Life Insurance Corporation of India surged as much as 5.1% on Friday to Rs 987.50 on BSE after the state-run life insurer clarified media reports suggesting it was in talks to acquire a significant stake in ManipalCigna Health Insurance. The clarification reinforced LIC’s ongoing…