Angel One will subscribe to 26% of the company’s share capital for an investment of up to Rs 104 crore. The balance stake will be held by LivWell. Angel One clarified it will not exercise control over the proposed company.
The venture will operate as an unlisted public company and engage in the life insurance business in India, subject to approvals from the Insurance Regulatory and Development Authority of India (IRDAI) and the Ministry of Corporate Affairs.
Angel One said the investment would help expand its presence beyond stock broking and capital markets into the wider financial services ecosystem, driving long-term value creation.
Angel One offers a wide range of solutions across broking, advisory, margin funding, wealth and asset management (AMC), and distribution of third-party financial products like mutual funds, credit, fixed income and insurance.
The company’s consolidated net profit declined 60.89% to Rs 114.47 crore on an 18.85% fall in total revenue from operations to Rs 1,140.5 crore in Q1 FY26 over Q1 FY25.
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