Suspense Crime Sach Ka Dam
The GST department has sent a tax demand notice of Rs 65 crore to the country’s largest government insurance company Life Insurance Corporation of India (LIC). Giving information about this notice, LIC said that the tax officials of the department have sent a tax demand notice of about Rs 65 crore for paying less GST. LIC said on Wednesday that apart from this, the company also has a penalty and interest of Rs 6.5 crore.
LIC informed the stock market exchanges BSE and NSE
LIC said in a notice to stock market exchanges BSE and NSE that it has received a communication/demand order for GST, interest, and penalty for Jharkhand on October 30. It said that this does not have any material impact on the financial position, operations, or other activities of the company.
Insurance company shares are seeing a decline on Thursday
Let us tell you that till 11.12 am on Thursday, LIC shares were trading at Rs 929.90 with a decline of Rs 5.05 (0.54%). The shares of the insurance company, which closed at Rs 934.95 on Wednesday, opened today with a decline at Rs 931.55. By the time of writing the news, LIC shares had reached an intraday high of Rs 939.80 from an intraday low of Rs 927.45.
The company’s shares are trading well below its 52-week high
LIC shares are trading much below its 52-week high. The 52-week high of the shares of the government insurance company is Rs 1221.50 and the 52-week low is Rs 598.50. According to BSE data, the current market cap of LIC is Rs 5,87,908.54 crore. According to BSE data, LIC shares have been declining for the last 6 months.
