Archive · 19 May 2025
LIC Hikes Stake in Bank of India to 8.38%
Imagine a big insurance company, LIC, is buying more shares in a bank called Bank of India.
Over about four years, LIC bought more and more shares.
This increased their ownership from a little over 6% to almost 8.5%.
This means LIC now has a bigger piece of the bank.
The bank's shares went up a little in value after this news.
The purchase happened between September 2021 and May 2025.
LIC increased its stake in Bank of India to 8.38%.
The stake increase occurred between September 2, 2021, and May 9, 2025.
LIC acquired roughly 2.026% stake during this period.
LIC's stake increased from 6.35% to 8.38%.
Bank of India shares closed at ₹112.55, up 2.27%.
- Who
- Life Insurance Corporation (LIC) and Bank of India (BoI).
- What
- LIC increased its stake in Bank of India.
- When
- Between September 2, 2021, and May 9, 2025.
- Where
- Bank of India (BoI).
- Why
- Not mentioned in the article.
- Stake Increase
- From 6.35% to 8.38%
- Stake Acquired
- Approx. 2.026%
- Period
- September 2, 2021, to May 9, 2025
- Bank's Closing Share Price
- ₹112.55 (up 2.27%)