The Life Insurance Corporation of India (LIC), the country’s premier insurance behemoth, has significantly increased its stake in the state-owned Bank of Baroda (BoB), elevating its holding to 7.05%. This strategic move was executed through a series of open market purchases spanning approximately one and a half years, between November 20, 2023, and April 16, 2025.
In a regulatory filing on Monday, LIC disclosed that it had acquired an additional 10.45 crore shares of Bank of Baroda during this period. This acquisition has resulted in a substantial rise in LIC’s shareholding in the Mumbai-based public sector bank, from 5.03% to the current 7.05%.
This increase in stake underscores LIC’s confidence in Bank of Baroda’s growth potential and its strategic importance within the financial sector. LIC, being a major institutional investor, often adjusts its holdings in various companies based on its investment strategy and outlook on the market and specific sectors. The decision to increase its stake in Bank of Baroda suggests a positive assessment of the bank’s performance, stability, and future prospects.
Following the announcement, shares of Bank of Baroda witnessed a positive uptrend on the Bombay Stock Exchange (BSE). At the time of reporting, the bank’s stock was trading at ₹250.20 apiece, marking a gain of 3.09%. This positive market response indicates investor sentiment aligning with LIC’s strategic move, possibly viewing it as a vote of confidence in Bank of Baroda’s future.
Following the announcement, shares of Bank of Baroda witnessed a positive uptrend on the Bombay Stock Exchange (BSE). At the time of reporting, the bank’s stock was trading at ₹250.20 apiece, marking a gain of 3.09%. This positive market response indicates investor sentiment aligning with LIC’s strategic move, possibly viewing it as a vote of confidence in Bank of Baroda’s future.
