LIC Allots Bonus Equity Shares Following Board Committee Meeting
Life Insurance Corporation of India (LIC) announced the allotment of bonus equity shares following a meeting of its Stakeholders' Relationship Committee. The move substantially increased the paid-up equity share capital of the corporation.The Stakeholders' Relationship Committee of the Board of the Corporation allotted a total of 632,49,97,701 equity shares, each having a face value of Rs. 10.
The allotment was structured as a 1:1 bonus ratio, granting one fully paid-up bonus equity share of Rs. 10 face value for every one existing fully paid-up equity share of Rs. 10 face value held by eligible members.
The allotment was made to eligible members whose names appeared in the Register of Members or the Register of the Beneficial Owners as of the Record Date, which was fixed at May 29, 2026.
This bonus allocation results in the paid-up equity share capital of the Corporation increasing to Rs. 12,649,99,54,020. Following the allotment, the total number of equity shares stands at 12,64,99,95,402 shares, each with a face value of Rs. 10.
LICI Stock Price Movement
As of 10:46 AM, shares of Life Insurance Corporation Of India are slipping by 1.09% in live trading, currently at ₹406.85 as the stock sheds ₹4.50. The equity is experiencing notable activity, with 1.15 million shares trading hands in the morning session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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