LIC bonus shares news: Insurance major Life Insurance Corporation of India (LIC) has announced its maiden bonus issue for its shareholders.

While LIC stock a high of Rs 980.05 last year in June, its prevailing price is at 15.38 per cent discount to its IPO issue ...

LIC has approved the issuance of first-ever bonus equity shares in the proportion of 1:1. LIC is yet to announce the bonus record date.

LIC announces its first-ever 1:1 bonus issue for shareholders—check record date details and learn how you can benefit!

As per the information available, after the proposed bonus issuance of 1:1, the paid up equity share capital will increase to Rs 12,649.99 crore from existing Rs 6,324.99 crores.

In a major good news, LIC will reward 1 free share to eligible investors. This will likely double the number of shares in your portfolio.

LIC shares will be in focus as the insurer considers its first-ever bonus issue, signalling confidence in its financial strength. While the move won’t impact market capitalisation, it could enhance ...