Life Insurance Corporation of India (LIC) increased its stake in Bank of Baroda from 5.03% to 7.05% by acquiring 10.45 crore shares from the open market between November 2023 and April 2025. This steady accumulation signals LIC’s long-term confidence in the bank’s growth. The stock reacted positively, rising over 3% on Monday, indicating bullish sentiment among investors.
Bank of Baroda: LIC Raises Stake to 7.05%
