Religare Enterprises Limited (NSEI:RELIGARE) agreed to acquire MIC Insurance Web Aggregator Private Limited from The Indian Express Private Limited on April 5, 2023. The transaction is approved by the board of Religare and remains subject to necessary statutory and Insurance Regulatory and Development Authority of India approvals and fulfillment of other conditions precedent. The transaction is expected to compete in 4-6 months. Rishi Anand of DSK Legal Services LLP acted as legal advisor and due diligence provider to Religare. As of September 14, 2023, Insurance Regulatory and Development Authority of India has approved the acquisition of MIC by Religare Enterprises.

Religare Enterprises Limited (NSEI:RELIGARE) completed the acquisition of MIC Insurance Web Aggregator Private Limited from The Indian Express Private Limited on December 8, 2023.