LIC to issue 1 bonus share for every share held
Life Insurance Corporation of India announced its first bonus share issue in a 1:1 ratio, doubling its paid-up equity base. This move aims to reward shareholders amid the stock's underperformance since its 2022 public debut. The issuance, subject to approval, will capitalize reserves and is expected within two months.
Life Insurance Corporation of India announced its first bonus share issue in a 1:1 ratio, doubling its paid-up equity base. This move aims to reward shareholders amid the stock's underperformance since its 2022 public debut. The issuance, subject to approval, will capitalize reserves and is expected within two months.
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