StockWatch
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Life Insurance
Bonus1 Jun 2026, 10:39 am

LIC Allots 632.49 Cr Bonus Equity Shares in 1:1 Ratio

AI Summary

Life Insurance Corporation of India (LIC) has allotted 632,49,97,701 bonus equity shares of face value ₹10 each in a 1:1 ratio to eligible members. The decision was made by the Stakeholders’ Relationship Committee of the Board on June 01, 2026. Following the allotment, the paid-up equity share capital of the Corporation has increased to ₹12649,99,54,020, divided into 1264,99,95,402 equity shares of face value ₹10 each.

Key Highlights

  • LIC allots 632.49 crore bonus equity shares.
  • Bonus shares are issued in a 1:1 ratio.
  • Face value of each share is ₹10.
  • Record date for eligibility was May 29, 2026.
  • Post-allotment, equity share capital rises to ₹12649.99 Cr.