Life Insurance Corporation of India (LIC) announced on Monday that it has raised its shareholding in state-run Bank of Baroda (BoB) to 7.05%, up from 5.03%.

According to a regulatory filing, LIC acquired an additional 10.45 crore shares through open market transactions over a span of nearly one and a half years.

The acquisitions took place between November 20, 2023, and April 16, 2025, resulting in the increased stake in the Mumbai-headquartered bank.