LIC has shed about 2.06% it held in Bank of Baroda, post which its holding came down to around 5.19%. Photo: Ramesh Pathania/MintNew Delhi: Life Insurance Corporation of India (LIC) has offloaded over 2% stake in Bank of Baroda in an open market sale in the last two months. LIC owned nearly 7.25% stake in Bank of Baroda equivalent to 167,018,926 shares before the open market sale, Bank of Baroda said in a regulatory filing, adding that LIC shed stake in a market sale from 1 September to 29 November. LIC has shed about 2.06% (47,341,007 shares) it held in the bank, post which its holding came down to around 5.19% (119,677,919 shares). On Thursday, Bank of Baroda shares fell 1.34% to Rs169.05 on BSE while the benchmark Sensex shed 1.35% to end the day at 33,149.35 points.

Source: Mint November 30, 2017 13:41 UTC