"Pursuant to the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 ("Listing Regulations"), it is to inform that the Board of Directors of the Life Insurance Corporation of India ("the Corporation") at its meeting held today, i.e., Monday, April 13, 2026, inter-alia, considered and approved the issuance of bonus equity shares in the proportion of 1:1, i.e., 1 (One) fully paid up equity share of ₹10/- each for every 1 (One) fully paid-up equity share of ₹ 10/- each held by the Members of the Corporation as on the Record Date, by capitalizing a sum not exceeding 6324,99,77,010/- (Rupees Six Thousand Three Hundred Twenty-Four Crores Ninety-Nine Lakh Seventy-Seven Thousand and Ten only) out of the Reserves & Surplus of the Corporation available as at December 31, 2025, subject to approval of the Members of the Corporation," said LIC in an exchange filing on Monday, April 13.

The government currently holds 96.5 per cent stake in LIC. It sold 3.5 per cent through an initial public offering (IPO) in May 2022 at a price band of Rs 902-949 a share. The share sale fetched the government around Rs 21,000 crore.

The bonus issue would pave way for further share sale or offer for sale (OFS) of LIC. The government, according to sources, is working on plans to come out with an OFS of LIC.

LIC Bonus Issue: Key highlights

LIC Board approves 1:1 bonus share issue for shareholders
First bonus issue by LIC since listing in May 2022
Bonus shares to be issued from reserves as of Dec 31, 2025
LIC share capital set to double post bonus issue
Govt holds 96.5 per cent stake, limiting free float in market
Retail investors hold around 1.5 per cent stake in LIC
LIC stock trades below IPO, retail and policyholder issue prices
IPO price: Rs 949, retail: Rs 904, policyholders: Rs 889

LIC share price

Shares of LIC closed at Rs 804.25 per share on Monday, April 13, which is 0.71 per cent higher than the previous close of Rs 798.55. During the day, the counter swung between Rs 809 and Rs 782 per share.

Notably, LIC enjoys a market capitalisation of Rs 5,08,687.94 crore.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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