LIC, India's 5th most valued firm, may gain on strong Q3 results
LIC
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The Dividend cheque was presented to FM Sitharaman by LIC Chairman Siddhartha Mohanty on September 14.
LIC is planning to transfer around $22 billion from policyholders' funds to a fund meant to pay dividends or bonus shares.
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LIC share prices on BSE and NSE were down after the insurance behemoth on Monday posted a decline in consolidated net profit.