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Did LIC shares really crash 50% in one day? Here's how the bonus math works
LIC shares appeared to fall nearly 50% on Friday after adjusting for its first-ever 1:1 bonus issue, though the actual decline was only around 1.5%. The insurer issued one bonus share for every existing share held by eligible shareholders, with May 29 fixed as the record date for the corporate action.
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thehindubusinessline.com
LIC 1:1 bonus issue in focus, shares gain
LIC's shares rise nearly 2% after announcing a first-ever 1:1 bonus issue, boosting investor sentiment and liquidity.
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newsbytesapp.com
Why LIC shares are down 50% today
LIC shares witnessed a sharp 50% drop in early trade as the stock turned ex-bonus, reflecting adjustments for the recently announced 1:1 bonus share issue.
