Life Insurance Corporation is likely to consider the declaration of an interim dividend for the financial year 2023-24 on February 8. The state-owned insurance behemoth will also release its Q3 FY24 results on the same day.

In a regulatory filing on Monday, LIC said, “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 were trading Rs 7.65 or 0.76 per cent higher at Rs 1,008 apiece on the BSE.

In mid-January, LIC overtook the State Bank of India and became the most valued public sector undertaking. The SBI share price 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 in the past three months.

Source By: news18

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