Life insurance giant LIC has record 86% growth in its group insurance business. LIC has already crossed its targeted premium collection for the year from this segment.
LIC has mopped up Rs 20,000 crore premium from group business. It is learnt that LIC Group business corpus stands at Rs 2 lakh crore.
LIC Housing Finance, the mortgage arm of the country''s largest insurance firm LIC, today said it has approved a stock split in the ratio of 1:5 to boost the liquidity of its scrip.
As per the decision, LIC Housing Finance shares of Rs 10 face value will each be split into five equities of Rs 2 face value, LIC Housing Finance informed the Bombay Stock Exchange.
The company''s board of directors has also decided to conduct a postal ballot for obtaining shareholders'' approval for the stock split, it said.
When they will split the stock?
ReplyDeletePlease tell the date of split..