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The Public Sector Insurance Company (LIC) has collected dividends in the central government’s coffers for the last financial year 1-3. The dividend of LIC is Rs 1.5 crore, which was handed over to Finance Minister Nirmala Sitharaman on Friday.

The company said in a statement on Friday that the LIC had approved the dividend in the Annual General Meeting (AGM) on August 7. LIC CEO and Managing Director R. Doriswamy, Secretary of the Financial Services Department M. In the presence of Nagaraju and Joint Secretary Prashant Kumar Goyal and senior officials of the insurance company, the finance ministers handed over a check of dividend.

The government will sell the share in LIC and raise Rs.

LIC’s Market Cap 199 crore

Shares of the Indian Life Insurance Corporation on Friday fell by 8.5 per cent to Rs. The company’s market cap is Rs. As of March 1, the property of LIC was Rs 1.5 lakh crore. The company is at the forefront of life insurance market.

LIC’s price history of shares

If you look at the history of the Shares of the Indian Life Insurance Corporation, it has declined by 8.5 percent in the last one week. In the last one month, he has given a negative return of 5.5 percent. In the last 6 months, the company’s share has fallen by 9.5 percent. This year, it has dropped by 8.5 percent. In the last one year, the stock has dropped by 8.5 percent. These shares have given a refund of 5.5 percent in 3 years.

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Corporate performance

The installation of LIC is being paid to the completion of 90 years, which has been paid for about seven decades for the LIC service in the Indian insurance sector. This longevity underlines the permanent presence and importance of LIC in India’s economic scenario.

Many major resolutions were approved in the fourth annual general meeting of the LIC in which these decisions were taken with the huge support of the stakeholders:

• Accepted the single and integrated financial statements of the audited
• Recognition of the final benefit of 90 per equity share
• Appointment of new auditors and directors, in which R. Doriswamy’s appointment includes CEO and Managing Director

Corporate administration and transparency

LIC showed its commitment to transparency by providing e-votting facilities to its shareholders and appointing separate investigators to monitor the voting process. Voting results show strong support from the company’s management and strategic decisions.

Since LIC plays an important role in the insurance and financial sector of India, the huge dividends paid to the government confirm their status as a valuable government property and a major contribution to the national treasury.