LIC of India to consider interim dividend payout and approved quarterly results at board meeting on Feb 8. Shares of company jump 5.3%, reaching all-time high of Rs 1,028 and market cap of Rs 6 lakh crore, making it India's most valued PSU. Exemption from minimum public shareholding until 2032 reduces potential for government offer for sale. In May 2022, government sold 3.5% stake in LIC.