LIC board okays 1:1 bonus share issue

The board of State-owned Life Insurance Corporation of India (LIC) on Monday approved issuance of bonus equity shares in the ratio of 1:1, to existing shareholders.

The record date will be announced later. One fully paid up equity share of ₹10 each will be issued for every one fully paid-up equity share (of ₹10 each) by capitalising nearly ₹6,325 crore out of the Reserves & Surplus available as at December 31, 2025, subject to approval of the shareholders, LIC said.