The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India
BANKBARODA · price
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Awaiting price reaction for this filing.
Life Insurance Corporation of India (LIC), which is not a promoter of Bank of Baroda, disclosed under SEBI SAST Regulations that it acquired an additional 10,45,41,403 equity shares (2.022%) of the bank through open market purchases between 20 November 2023 and 16 April 2025. Before this acquisition, LIC held 26,02,17,275 shares (5.031%); after the purchase, its holding stands at 36,47,58,678 shares, equal to 7.053% of the bank's equity share capital. The total equity share capital of Bank of Baroda remains unchanged at around 1,034 crore shares. The disclosure was filed by LIC's Investment Back Office on 17 April 2025 with BSE and NSE.
A meaningful institutional confidence signal — LIC, a large domestic institutional investor, has raised its stake to over 7%, suggesting a bullish long-term view on Bank of Baroda. This could be supportive for sentiment, though LIC is not a promoter so it doesn't change control dynamics; further purchases above 10% would trigger another disclosure.