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The Economic Times
The Economic Times
Business
Shivendra Kumar

INSANE: Lic announces 1 1 bonus issue sets may 29 as record date - The Real Truth

LIC

Life Insurance Corporation of India's (LIC) board on Thursday approved issuance of bonus shares in 1:1 proportion and India's largest life insurer has set May 29 as the record date to determine shareholders' eligibility for the payment of an extra share.

Under the issue, the company will pay one new fully paid-up equity share of Rs 10 each for every one existing fully paid-up equity share of Rs 10 each.

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