Did LIC shares really crash 50% in one day? Here’s how the bonus math works
LIC shares appeared to fall nearly 50% on Friday after adjusting for its first-ever 1:1 bonus issue, though the actual decline was only around 1.5%. The insurer issued one bonus share for every existing share held by eligible shareholders, with May 29 fixed as the record date for the corporate action. Shares of Life Insurance Corporation of India (LIC) adjusted…
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