LIC Hikes Stake In Bank Of India To 8.38%

Life Insurance Corp. has hiked its stake in Bank of India to 8.38% as of May 9. LIC has bought about 2.026% stake in public sector BoI between Sept. 2, 2021, and May 9, 2025, BoI said in a stock exchange disclosure on Tuesday.

LIC's stake in the bank has increased from 6.35% to 8.38% over the four-year period.

Shares of Bank of India closed at Rs 112.55, up 2.27% over the previous close on the BSE.