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 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.