LIC Board approves 1:1 bonus share issuance to reward shareholders, subject to shareholder approval.
Bonus issue will increase paid-up equity capital from ₹6,324.99 crore to ₹12,649.99 crore.
Company cites strong reserves of ₹1,46,440.58 crore and nine-month PAT of ₹33,998 crore as basis.
CEO states bonus shares aim to enhance share affordability, liquidity, and marketability for investors.