LIC Increases Stake in Bank of Baroda, Strengthening Market Position

Life Insurance Corporation of India (LIC) has raised its stake in state-owned Bank of Baroda to 7.05 percent, acquiring an additional 10.45 crore shares through open market purchases over the past year and a half. The move reflects LIC’s strategic approach to expanding its holdings in key financial institutions.  

The acquisition, completed between November 2023 and April 2025, increased LIC’s stake from 5.03 percent to 7.05 percent. Following the announcement, Bank of Baroda’s stock saw a 3.09 percent rise, trading at Rs 250.20 per share on the BSE.  

LIC’s increased investment underscores its confidence in Bank of Baroda’s long-term growth prospects. The bank has been focusing on digital transformation, credit expansion, and strengthening its retail banking operations, making it an attractive investment for institutional stakeholders.  

Market Developments:  
- LIC raises its stake in Bank of Baroda from 5.03 percent to 7.05 percent through open market purchases.  
- The acquisition involved 10.45 crore shares over a one-and-a-half-year period.  
- Bank of Baroda’s stock price rose 3.09 percent following the announcement.  

Sources: Deccan Herald, Economic Times, Rediff Money.