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Wednesday, May 16, 2012

LIC hikes stake in Bank of Maharashtra

Life Insurance Corporation of India has picked up 4.63 per cent stake in Bank of Maharashtra (BoM) through the acquisition of about 2.76 crore shares.

Post the acquisition, LIC’s stake in BoM has increased to 9.97 per cent.

BoM scrip was down 0.6 per cent to Rs 47 per share today.


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