LIC board approves 1:1 bonus issuance
Life Insurance Corporation (LIC) on Monday said its board has approved a bonus issuance of equity shares in 1:1 ratio.
Life Insurance Corporation (LIC) on Monday said its board has approved a bonus issuance of equity shares in 1:1 ratio.
In a regulatory filing, the bonus issue will be done by capitalising Rs 6,325 crore out of reserves and surplus available with LIC as of December 31, 2025.
"... it is to inform that the Board of Directors of the Life Insurance Corporation of India at its meeting held today, i.e., Monday, April 13, 2026... considered and approved the issuance of bonus equity shares in the proportion of 1:1, i.e., 1 (One) fully paid up equity share of Rs 10 each for every 1 (one) fully paid-up equity share of Rs 10 each held by the Members of the Corporation as on the Record Date,.." LIC said.
