Life Insurance Corporation of India (LIC) is gearing up to make investors rich. Good news is coming soon for the investors in LIC’s IPO. LIC is planning to give bonus shares or dividend to its investors. According to a report, LIC is now considering taking steps to improve its share prices. The company may declare dividend or bonus share distribution to its investors. For this, it is being planned to transfer about 22 billion dollars from the funds of the policyholders to the fund kept for this purpose.
Since LIC in the stock market, the company’s stock has not even reached the level of Rs 949 at the issue price of its IPO. The company’s stock closed at Rs 592.50 on Friday. Its lowest price is Rs 588. The stock of LIC has fallen by more than 35 percent.
Comment here