Bonus13 Apr 2026, 08:31 pm
LIC Board approves 1:1 bonus issue, capitalizing ₹6324.99 Cr
AI Summary
Life Insurance Corporation of India's Board of Directors has approved a 1:1 bonus issue, subject to shareholder approval. This means one new fully paid-up equity share of ₹10 will be issued for every one existing share held. The company plans to capitalize ₹6324,99,77,010/- (approximately ₹6324.99 crore) from its Reserves & Surplus as of December 31, 2025. Post-bonus, the issued, subscribed, and paid-up capital will double from ₹6324,99,77,010/- to ₹12649,99,54,020/-. The bonus shares are expected to be credited or dispatched by June 12, 2026.
Key Highlights
- Board approved 1:1 bonus issue, pending shareholder approval.
- One new equity share of ₹10 for every one share held.
- ₹6324.99 Cr to be capitalized from reserves.
- Post-bonus, paid-up capital doubles to ₹12649.99 Cr.
- Bonus shares expected by June 12, 2026.