The Life Insurance Corporation (LIC) has acquired a 6.66% stake in Mukesh Ambani's Jio Financial Services. This move highlights LIC's strategic investment in the growing digital and financial sectors. The investment strengthens the partnership between LIC and the Reliance Group. It also underlines the confidence of one of India's largest insurance firms in the potential of Jio Financial Services. As both entities explore synergies and avenues for growth, this investment marks a significant step in shaping the landscape of digital finance in India.
