LIC shareholders approve 1:1 bonus issue
after close1 source ↓written by the desknot a recommendation
- LIC announced
- 99.9998%
- shareholders approved
- 22 lakh
- shareholders approved
- 1:1 bonus share issue
- from its reserves
- ₹6,325 cr
- increase in LIC
- 2%
Life Insurance Corporation of India (LIC) announced that 99.9998% of its nearly 22 lakh shareholders approved a 1:1 bonus share issue. This decision, which will capitalize up to ₹6,325 cr from its reserves, led to a 2% increase in LIC shares, reaching an intraday high of ₹805.5 on NSE. The bonus shares will be credited within two months after board approval.
Not investment advice. For informational purposes only.