LIC hikes stake in Central Bank of India to 6.06% PSU Watch
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LIC hikes stake in Central Bank of India to 6.06%

LIC acquires additional shares in Central Bank of India, stake crosses 6%

PSU Watch Bureau

New Delhi: State-owned insurer Life Insurance Corporation (LIC) has hiked its stake in Central Bank of India to 6.06 percent, from 3.16 percent earlier.

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In a disclosure to stock exchanges, the Central Bank of India said LIC has bought 26.26 crore shares or 2.901 percent in the public sector lender via market purchase on May 22.

Post stake acquisition, LIC's holding in Central Bank of India has increased to 6.06 percent.

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Shares of Central Bank of India closed at Rs 31.29, down 0.03 percent over the previous close on BSE.

Also read:LIC Q4 profit jumps 23% to Rs 23,420 crore

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