LIC shares soar 5% after first-ever 1:1 bonus issue. Here’s everything you need to know

LIC shares surged over 5% on Wednesday after the insurer announced its first-ever 1:1 bonus issue, allowing shareholders to receive one additional share for each held. The move, backed by capitalisation of reserves, is subject to approvals and marks a key milestone since listing in 2022. The company said the bonus shares will be credited within 2 months of board approval, on or before June 12, 2026.

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