LIC Shares Surge 4.1% on Reports of Plans to Pay Dividend, Issue Bonus Shares
Shares of life insurance corporation (LIC) rose 4.1% to trade at Rs 611.1 during intraday trading Monday on the BSE, following reports that the company plans to shift almost $22 billion of policyholder funds to a fund designated for paying dividends or issuing bonus shares. According to the Reuters report, LIC is planning to transfer…