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Muthoot Capital Services has announced a board meeting to discuss its recent receipt of a Corporate Agency License from the Insurance Regulatory and Development Authority of India (IRDAI). This license enables the company to distribute life, health, and general insurance products, enhancing its service offerings and meeting customer insurance needs. The approval is valid for three years and signifies a strategic expansion into the insurance sector. This development may positively influence investor sentiment by presenting new revenue streams, although market responses could vary based on implementation effectiveness and competitive dynamics in the insurance market.