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The Economic Times
The Economic Times
Debaroti Adhikary

LIC bonus issue: Insurance behemoth gets shareholders' approval for 1:1 issue. Check details

LIC Insurance Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) said on Monday that nearly 22 lakh shareholders approved the 1:1 bonus issue, which the company had announced last month.

The insurance behemoth, in an exchange filing, said that 99.9998% of its eligible shareholders voted in favour of the special resolution for the bonus share issue, along with some key managerial appointments. LIC shares gained around 2% on Tuesday, hitting an intraday high of Rs 805.5 apiece on NSE.

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