LIC Increases Its Stake in Bank of India to 8.38%.

Banking & Finance

In May 2025, Life Insurance Corporation of India (LIC), headquartered in Mumbai, Maharashtra, increased its stake in Bank of India (BoI), also based in Mumbai, from 6.35% to 8.38% through open market purchases.


      - This additional 2.026% stake was acquired between September 2, 2021, and May 9, 2025, as revealed in a stock exchange filing by BoI.

     

     

Main Point :-   (i) This move highlights LIC’s strong confidence in BoI’s financial health and growth prospects.

      (ii) As of March 2025, the promoters and promoter group held 73.38% of BoI’s shares, while public shareholders owned 26.62%. Among public investors, State Bank of India’s Public Sector Undertakings (PSU) Fund held a 1.52% stake.


About LIC

Chairperson: Siddhartha Mohanty
Headquarter : Mumbai
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