Bob Share Price Continued Its Gaining Streak After LIC Increased Stake in Bank

On April 22, 2025, Bank of Baroda (Bob) share price rose ~2%, reaching a day high of ₹257.10 at 11: 40 AM, after opening at ₹250.60 on BSE. The gain in Bob share price follows the previous day gain of ~3%, where the Bank of Baroda shares touched the day high of ₹250.50. The increase in Bob share price follows the announcement that Life Insurance Corporation of India (LIC) had raised its stake in the bank through market purchases.

LIC Increases Stake in Bank of Baroda

According to a filing on April 19, Bank of Baroda revealed that LIC had acquired 10,45,41,403 shares, equating to a 2.022% stake, through market transactions between November 20, 2023, and April 16, 2025. This acquisition raised LIC’s total stake in the bank to 36,47,58,678 shares, or 7.053%.

It’s important to note that this increase in LIC’s holding did not alter the overall voting capital of Bank of Baroda, which remains at 10,34,27,24,358.

Also Read: Bank of Baroda Launches ‘bob Square Drive Deposit Scheme’ Offering Up to 7.80% Interest

Bank of Baroda’s Shareholding Structure

As per the shareholding pattern for the March quarter of the previous financial year, mutual funds collectively owned 47,41,17,336 shares, or 9.17% of Bank of Baroda’s total equity. Key mutual fund schemes with stakes in the bank include SBI Large & Mid Cap Fund, Kotak Equity Arbitrage Fund, HDFC Mutual Fund’s HDFC S&P BSE 500 ETF, and ICICI Prudential Equity Fund.

Insurance companies held 38,88,59,359 shares, or 7.52%, while foreign portfolio investors (FPIs) owned 46,41,56,389 shares, representing an 8.98% stake.

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