Central Bank of India
LIC acquired 26.26 crore shares of Central Bank of India for ₹821.21 Cr at ₹31.27 apiece on May 22, increasing its stake from 3.15% to 6.05% and crossing the 5% disclosure threshold.
A public sector commercial bank providing comprehensive financial services including treasury operations, corporate and wholesale banking, retail banking, and related financial products across India. The bank manages government securities, money market operations, and foreign exchange transactions alongside its core lending and deposit activities. Central Bank serves individual customers, corporations, and institutional clients through its diversified banking operations and financial services network.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.