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LIC Increases Shareholding in Bank of Baroda to 7.05%.

Economy Business | Dated: 25 Apr 2025

In April 2025, Mumbai (Maharashtra)-based Life Insurance Corporation of India (LIC), a state-owned insurance and investment company, increased its stake in Vadodara (Gujarat)-based Bank of Baroda (BoB), a leading Public Sector Bank (PSB), from 5.03% to 7.05%, marking a rise of about 2%.

🎯 Key Highlights:

  • - This strategic move is part of LIC’s diversified investment approach and reflects growing institutional confidence in the Indian banking sector.

💡 Other Important Facts:

  • (i) LIC acquired an additional 10.45 crore shares of BoB through Open Market Purchases (OMPs) conducted over a period of one and a half years, from 20 November 2023 to 16 April 2025.
  • (ii) With this acquisition, LIC’s total shareholding in BoB reached 36,47,58,678 shares, equating to a 7.053% stake in the bank.
  • (iii) The acquisition did not affect the total voting capital of Bank of Baroda, which remains at 10,34,27,24,358.

📚 Test Your Knowledge:

Which state-owned insurance company recently raised its stake in Bank of Baroda to 7.05%?

Correct Answer: LIC

🚀 Quick Recap: