LIC Board Approves 1:1 Bonus Issue, Shares Jump 5%
LIC's board approved a 1:1 bonus issue, sending shares up 5% to ₹841.30 and extending April gains to over 15%. The insurer will issue 632.49 crore new equity shares, doubling share count and raising paid-up capital to ₹12,649.99 crore. A record date for eligibility has yet to be announced.