LIC Shares Fall Ahead Of Board Meeting To Discuss Bonus Issue Today

LIC shares fall 1.5 percent as board meets to consider first bonus issue since 2022 listing, record date pending, stock trades below all IPO price tiers

LIC Shares Slip: Shares of Life Insurance Corporation Limited (LIC) fell 1.5 per cent intraday on Monday, April 13, as the board meeting will be held to consider a bonus issue of shares today.

Since its listing in 2022, this will be the first time the company is going to announce the bonus issue.

The public insurance company hasn’t yet announced the record date for the bonus issue. It is expected to be announced in due time.

“Pursuant to Regulation 29 of the SEBI Listing Regulations, it is to inform that a meeting of the Board of Directors of the Life Insurance Corporation of India (“the Corporation") is scheduled to be held on

Monday, April 13, 2026 to inter-alia consider and recommend a proposal for issue of Bonus shares in accordance with the applicable provisions, subject to the approval of the shareholders of the Corporation," LIC said in the meeting.

Based on the December quarter shareholding data, Life Insurance Corporation of India had around 21 lakh retail investors—defined as those holding shares worth up to Rs 2 lakh. Together, this segment owned a modest 1.5% stake in the company.

The rest of the non-government shareholding was largely split between mutual funds and foreign portfolio investors (FPIs).

LIC, which held the title of India’s largest IPO before Hyundai Motor India, had received full subscription during its public issue. The IPO was priced across three tiers: Rs 949 for general investors, Rs 904 for retail participants, and Rs 889 for policyholders. However, the stock is currently trading below all these issue price levels.