LIC raises its stake in Bank of India to 8.38%

New Delhi, May 14 Life Insurance Corporation (LIC) has raised its stake in Bank of India (BoI) to 8.38 percent as of May 9.
BoI informed the stock exchange on Tuesday that LIC has bought about 2.026 percent stake in public sector BoI between September 2, 2021 and May 9, 2025.
LIC’s stake in the bank has increased from 6.35 percent to 8.38 percent in a period of four years.
Bank of India shares closed at Rs 112.55 on BSE, up 2.27 percent from its previous close.