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LIC buys stake in Bank of India to make total 8.380% stake
State-run Life Insurance Corporation has disclosed through exchange filing that it has secured a 2.026% stake in the shareholding of Bank of India through market purchase as a mode of acquisition.
The total shareholding now stood at 8.380% from earlier 6.354%.
Shares of LIC were closed at Rs 827.60, up by 1.49% at NSE. The stock has been corrected over 5.27% in the last five days.
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