Life Insurance Corporation is more likely to take into account the declaration of an interim dividend for the monetary yr 2023-24 on February 8. The state-owned insurance coverage behemoth will even launch its Q3 FY24 outcomes on the identical day.
In a regulatory submitting on Monday, LIC stated, “The board of directors of the Corporation is scheduled to be held on February 8, 2024, inter-alia, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine-month period ended on December 31, 2023. In the said meeting, the board of directors may consider a proposal for declaration of interim dividend for the Financial Year 2023-24.”
Shares of LIC on Tuesday had been buying and selling Rs 7.65 or 0.76 per cent greater at Rs 1,008 apiece on the BSE.
In mid-January, LIC overtook the State Bank of India and have become essentially the most valued public sector enterprise. The SBI share worth on February 5 fell 1.11 per cent to Rs 643.2 and its market cap stood at Rs 5.77 lakh crore.
Its shares have surged over 55 per cent prior to now three months.
