LIC share price gains 5% after board approves 1:1 bonus issue; up over 15% in April

LIC bonus issue: LIC shares surged 5% to ₹841.30 after a 1:1 bonus issue approval, marking three consecutive days of gains. The company proposes to issue 632.49 crore equity shares, increasing its capital to ₹12,649.99 crore.