LIC 1:1 Bonus Issue: LIC (Life Insurance Corporation of India) has announced to give bonus shares, giving a big relief to its shareholders. After this announcement, a rise in the company’s stock was seen in the stock market and the enthusiasm of investors increased. This step reflects the strong position of the company and its policy of providing benefits to investors.
Announcement of 1:1 bonus shares
The board of the company has approved the issue of bonus shares in the ratio 1:1. This means that if an investor holds one share, he will get one additional share for free. For this process, the company will spend about Rs 6,325 crore from its reserves and surplus funds, which will double the shareholders’ holding.
Timeline and record date
The company has informed that the process of issuing bonus shares will be completed before June 12. New shares will be credited to the demat accounts of eligible investors by this date. However, the record date is yet to be announced, which will decide which investors will get the benefit of this bonus.
First big step after IPO
It is noteworthy that the company had entered the stock market in May 2022 through Initial Public Offering, the issue price of which was ₹ 949. This is the first time after listing that the company is giving bonus shares. At present the Government of India has about 96.5% stake in the company. Experts believe that this step may also be related to the Offer for Sale (OFS) strategy in future.
strong financial position
The financial condition of the company also remains very strong. In the first nine months of financial year 2026, the company has earned a net profit of Rs 33,998 crore. As of December 31, the company had a huge reserve fund of Rs 1,46,411 crore. In the last one month, the company’s shares have registered a rise of more than 7%, which shows the confidence of investors and the stability of the company.
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