The IPO of the country’s largest insurance company Life Insurance Corporation of India (LIC) may have disappointed investors, but now the company has made preparations to compensate them for the loss. On Tuesday, LIC said that its board will consider giving dividend. However, full disclosure about this will be in the first quarter results to be released on May 30.
Let us tell you that after the listing of LIC IPO in the market, the company will disclose the first quarter results. In this meeting, the consideration of giving dividend will also be considered. It is clear that through the plan prepared by the company, those people who have suffered losses due to IPO will get an opportunity to earn. A report in this regard said that in the information given to the stock market, the company has said that it will discuss the financial results for the quarter and year (2021-22) ended 31 March 2022 as well as the payment of dividend.
Dividend is the distribution of profits by a company to its shareholders. When a company earns profit or surplus, it pays out a proportion of the profit to the shareholders in the form of dividend. Significantly, on Tuesday, the company’s stock closed at Rs 824.80 on the Bombay Stock Exchange (BSE). However, even after this increase, the issue price is down by about 13 percent from Rs 949. Talking about the market capitalization of the company, it is Rs 5,24,626.93 crore. The company was valued at Rs 6 lakh crore before the IPO listing.