LIC board okays 1:1 bonus share issue

The committee of State-owned Life Insurance Corporation of India (LIC) connected Monday approved issuance of bonus equity shares successful the ratio of 1:1, to existing shareholders.

The grounds day volition beryllium announced later. One afloat paid up equity stock of ₹10 each volition beryllium issued for each 1 afloat paid-up equity stock (of ₹10 each) by capitalising astir ₹6,325 crore retired of the Reserves & Surplus disposable arsenic astatine December 31, 2025, taxable to support of the shareholders, LIC said.