#insurer
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 a…
LIC shares rally on 1:1 bonus issue; May 29 fixed as record date
LIC shares ended nearly 2 per cent higher on Tuesday after the insurer announced its first-ever 1:1 bonus share issue, with investors betting the move will improve stock liquidity and attract greater retail participation.