Big loss in LIC's stock so far? Now the company will benefit investors through bonus shares and dividends
Life Insurance Corporation (LIC) wants to increase the confidence of its investors, for which it is planning to give bonus shares and dividends to the shareholders. This can also lead to a rise in the stock, which will increase the confidence of investors in LIC's stock.
Muskan 
The country's largest government insurance company LIC has been sinking investors' money since its listing in the stock market. It continues to set new low records. On Friday i.e. today, it closed at 592.65 after trading for the whole day, a fall of -0.49%, whose market cap has come down to Rs 3.75 crore. Meanwhile, the Life Insurance Corporation of India (LIC) is planning to give bonus shares and dividends to its shareholders, which can also increase the share price.
According to media reports, Life Insurance Corporation (LIC) is working on a plan to spend about $ 22 billion on its shareholders through bonus shares and dividends. LIC believes that giving bonus shares and dividends will increase people's interest and confidence in the stock.
LIC was listed in the stock market on 17 May 2022 with a decline of 9% from the issue price, after which the stock has fallen by more than 35%. According to media reports, LIC shares have sunk 2.23 trillion rupees of investors so far due to the continuous fall.
Harvinder Singh, the partner of law firm DSK Legal, said that if LIC gives bonus shares and dividends to the shareholders, then it will increase the confidence of investors as well as others in the stock. According to media reports, after the completion of the process of bonus shares and dividends, the assets of LIC will increase by about 15 times. However, so far no official statement has come from the Ministry of Finance or LIC regarding the issue of bonus shares and dividends.
