LIC Boosts Investment in Bank of India, Now Holds 8.38% Stake
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The Life Insurance Corporation of India (LIC) has increased its shareholding in Bank of India (BoI) to 8.38% as of May 9, 2025. This update was shared by Bank of India in a regulatory filing to the stock exchanges on Tuesday.
How Much Stake Did LIC Buy?
LIC has purchased an additional 2.026% stake in Bank of India over a span of nearly four years. The buying activity took place between September 2, 2021, and May 9, 2025.
Before this increase, LIC held a 6.35% stake in the public sector bank. With the recent acquisitions, its total holding has now gone up to 8.38%.
This move highlights LIC’s continued interest in strengthening its position in India’s public sector banking space.
Impact on Bank of India Shares
Following the disclosure, shares of Bank of India saw a positive response in the market. The stock closed at ₹112.55 on the Bombay Stock Exchange (BSE), which is a 2.27% rise compared to the previous trading day.
Why This Matters
LIC is India’s largest institutional investor and plays a significant role in the Indian financial market. When LIC increases its stake in a company, it is often seen as a positive sign of confidence in that company’s performance and future growth.
This increase in LIC’s stake could signal strong trust in the stability and growth of Bank of India, which is one of the major public sector banks in India.
