LIC gave shareholders one free share for every one share they owned. The record date was May 29, 2026.
On that day, the stock price dropped by 50%. It fell from around ₹830 to ₹415. This was a normal market adjustment. Because the total number of shares doubled, the price per share cut in half. Your total investment value stayed exactly the same.
The new shares were officially allotted on June 1, 2026. They were credited directly to demat accounts. This move makes the stock cheaper and easier for regular people to buy
Leave a Reply