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 and Germany have taken a major step forward in strengthening their strategic and economic…
Throughout history, many kings became famous not only for ruling their kingdoms but also for…
In an important leadership development in India’s private banking sector, Kotak Mahindra Bank has appointed…
India achieved another defense milestone as DRDO successfully flight-tested the Man Portable Anti-Tank Guided Missile…
The Government of India has taken a major step to strengthen agricultural exports from Chhattisgarh.…
Indian cricket star Virat Kohli has once again etched his name into the record books.…