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LIC increases stake in Bank of Maharashtra

07 Oct 2024 Evaluate

Life Insurance Corporation of India (LIC) has increased its shareholding in equity shares of Bank of Maharashtra. The Corporation has increased its shareholding in Bank of Maharashtra from 4.05% (pre allotment) to 7.10% (post allotment) upon allotment of 25,96,86,663 equity shares in Qualified Institutional Placement (QIP) of the Bank of Maharashtra.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.

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