Life Insurance Corporation of India (LIC) has increased its shareholding in the Central Bank of India. Through a market purchase concluded on May 22, 2026, LIC acquired additional shares, bringing its total equity stake in the bank to 6.059%. This strategic investment reflects the insurer’s ongoing commitment to building its portfolio in the banking sector.
Strategic Share Acquisition
Life Insurance Corporation of India (LIC) has announced an increase in its investment in the Central Bank of India. Following a market purchase execution, LIC’s holdings rose by approximately 2.901%, elevating its total stake from 3.158% to 6.059%.
Details of the Transaction
The transaction, which was finalized on May 22, 2026, involved the acquisition of 262,617,977 shares. Prior to this purchase, LIC held 285,865,659 shares in the bank. Post-acquisition, the insurance giant’s total holding now stands at 548,483,636 shares, consolidating its position as a significant investor in the institution.
Impact on Portfolio
This acquisition highlights LIC’s active strategy in equity markets and its continued interest in the Indian banking landscape. With the total equity share capital of the Central Bank of India remaining at 90,51,40,12,740.00 shares, this transaction marks a notable shift in the shareholding structure of the bank.
Source: BSE
