LIC likely to announce its first-ever bonus issue tomorrow: Check key things to know

Insurance behemoth Life Insurance Corporation of India (LIC) is likely to announce its first-ever bonus issue of shares tomorrow, following its board meeting which is scheduled for April 13 (Monday). The state-run company had announced earlier last week that its board of directors will hold a meeting to consider and recommend its first-ever bonus issue of shares.Bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health a...