Life Insurance Corporation of India (LIC) has raised stake in Bank of Baroda. The corporation’s shareholding in Bank of Baroda has increased from 25,77,78,275 to 26,02,17,275 Equity Shares, crossing its shareholding 5% of the paid-up capital of the said Bank.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.