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Retail Shareholders Have Until Wednesday to Buy LIC Shares for Dividend Payout

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New Delhi, June 24 (IANS) Retail shareholders have until Wednesday to buy Life Insurance Corporation of India (LIC) shares to qualify for the insurer’s dividend payout, with June 25 fixed as the record date.State-owned LIC has announced a final dividend of Rs 10 per equity share, as per an exchange filing from the company.Under India’s T+1 settlement cycle, shares must be purchased by June 24 to be reflected in the investor’s account on the record date.The insurer had reported a 23.2 per cen…