LIC Shares Fall 50% After Turning Ex-Bonus

Shares of Life Insurance Corporation of India appeared to drop nearly 50% after turning ex-bonus for its first-ever 1:1 bonus issue. The decline was only a price adjustment due to the bonus share allotment and did not impact shareholder value. Investors will receive one additional share for every share held, effectively doubling their holdings while the stock price adjusts proportionately. !lic $LICHSGFIN