Bank of India
LIC decreased its stake in Bank of India from 8.10% to 7.83%, selling 1,24,00,000 shares for ₹179.64 Cr at ₹144.87 apiece.
A public sector bank operating across India, Bank of India provides comprehensive financial services through three primary segments: Treasury Operations, Wholesale Banking, and Retail Banking. Its Treasury operations division manages an extensive investment portfolio, conducts government and securities trading, executes money market operations, and handles foreign exchange services. The bank serves diverse customer segments through its integrated banking operations.
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.