“The bonus issue of equity shares in the proportion of 1 equity share of Rs 10 each for every 1 share of Rs 10 each held by the shareholders of the company as on the record date to be fixed by the board, subject to the approval of shareholders through postal ballot”, said the company in the filing with the exchanges.
LIC shares gain 6% in two sessions. Should you buy ahead of the 1:1 bonus issue?
LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after