Life Insurance Corp. said that it has raised its stake holding in the state-run Bank of Baroda from 2% to 7.05%.
The insurance provider has mopped up additional 10.45 crore shares over a time frame of one-and-a-half years through an open market transaction, PTI reported, citing regulatory filing.
Following the acquisition, which took place between Nov. 20, 2023, and April 16, 2025, LIC’s stake in the Mumbai-based bank has increased to 7.05%,