LIC's Board approved a 1:1 bonus issue, capitalizing ₹6,324.99 crore from reserves to issue 6.32 billion new shares.
Post-issue paid-up capital will double to ₹12,649.99 crore, with share count rising to 12.65 billion from 6.32 billion.
The bonus share allotment is estimated by June 12, 2026, pending shareholder approval for the capitalization.