Life Insurance Corporation of India (LIC) has bought 3.9 per cent (15,90,07,791 shares) of the Bank of India through open market acquisition. Before this acquisition, LIC held about 3.17 per cent stake in the Bank of India. After this acquisition, LIC now has 7.05 per cent, equivalent to 28,92,87,324 shares of Bank of India. This information was shared by the Bank of India to SEBI. As per SEBI guidelines, companies have to inform the stock exchanges when an entity holds more than 5 per cent shares in a listed company.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Important takeaways for all competitive exams:
India’s Smart Cities Mission (SCM), launched in 2015, is entering its final stretch with an…
Welcome to the November 2025 Edition of the Affairs PDF – your all-inclusive monthly guide to…
The Reserve Bank of India (RBI) recently announced two major liquidity measures, a ₹1 trillion…
The ocean is full of amazing and mysterious creatures, many of which are rarely seen…
Russian President Vladimir Putin’s 2025 state visit to India marked a major diplomatic milestone, reviving…
In a major boost to Digital India, the Ministry of Electronics and Information Technology (MEITY)…