Angel One Limited — Board Meeting, 23-07-2025: Outcome of Board Meeting

Angel One's Board has given the go-ahead for a strategic entry into the life insurance business. The company will invest up to ₹104 crore (approx.) to hold a 26% stake in a new associate entity in India, formed in partnership with LivWell Holding Company Pte. Limited (74% stake). This expansion into life insurance is a key step to broaden Angel One's financial services ecosystem, complementing its existing broking business and aiming for long-term value creation. The plan is subject to all required regulatory approvals.