LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after the insurer announced a 1:1 bonus issue alongside its Q4 results last week. LIC has fixed May 29 as the record date to determine shareholder eligibility for the bonus share allotment.

LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after the insurer announced a 1:1…

LIC shares surged 6% over two sessions after announcing a 1:1 bonus issue, with May 29 set as the record date for shareholder eligibility.

LIC has set May 29 as the record date for its maiden 1:1 bonus issue, making May 27 the last day for investors to buy shares for eligibility. This corporate action will see the…

LIC has set May 29 as the record date for its maiden 1:1 bonus share issue, rewarding shareholders with one free share for each held. This move, capitalizing reserves, aims to…

LIC's shares rise nearly 2% after announcing a first-ever 1:1 bonus issue, boosting investor sentiment and liquidity.