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:
Ajaya Babu won the silver medal in the men's 79kg category after a spectacular performance…
Sarvesh Anil Kushare won silver in the men's high jump in Glasgow. The Indian national…
Sharmila Dhankar clinched the gold medal and Shilpa Shyla got the bronze medal at the…
National News PM Modi Forms Exam Reform Task Force Under Nilekani Prime Minister Narendra Modi…
The 12th-century Jagannath Temple in Puri, the Shree Jagannath Temple Administration (SJTA) has attained trademark…
India has had an abundance of legendary players in weight lifting like Mirabai Chanu, Karnam…