LIC shareholders to get 1 extra share for each share they own in 1st bonus issue

India's largest insurer, Life Insurance Corporation of India (LIC), has announced its first-ever bonus issue in a 1:1 ratio. Under this, shareholders will receive one bonus equity share of ₹10 face value for every share held. The issue is backed by ₹6,325 crore from reserves and surplus. The record date for the bonus issue has not been announced yet.