LIC Approves 1:1 Bonus Shares for Existing Investors
Mumbai: The Board of Directors of Life Insurance Corporation of India (“LIC”) in their meeting held today, inter alia considered and approved the issuance of bonus equity shares in the proportion of 1:1, to the existing shareholders as on record date, which shall be announced subsequently. The issuance of bonus equity shares shall be subject to the approval of shareholders. The existing Authorised equity share capital of LIC is Rs. 25,000 crores and the paid up equity share capital is Rs. 6,324.99 crores. Post proposed bonus issuance of 1:1, the
