LIC Buys 26.26 Crore Shares in Central Bank of India; Holding Rises to 6.06%

Life Insurance Corporation of India (LIC) has raised its stake in Central Bank of India to 6.06%, according to a stock exchange filing by the bank. 

The increase comes after LIC purchased 26.26 crore equity shares in the public sector lender through market transactions on May 22, 2026. The acquired shares account for a 2.901% stake in the bank. 

Prior to the transaction, LIC held 3.16% stake in Central Bank of India. After the latest purchase, the insurer’s holding crossed the 6% level. 

Filing Made to Exchanges 

Central Bank of India disclosed the change in shareholding in a regulatory filing submitted to stock exchanges. The filing did not mention any change in management control or any additional stake purchase plans. 

The filing stated that the shares were acquired through open market purchases. No preferential allotment or fresh share issue was involved in the transaction. 

LIC is among the largest domestic institutional investors in listed Indian companies and holds stakes across banking, finance, energy and infrastructure sectors. 

Institutional Interest in PSU Banks 

Public sector banks have continued to see participation from domestic institutional investors in recent years. 

Central Bank of India, one of the country’s state-owned lenders, has remained part of that trend as institutional holdings in PSU banking stocks continue to be monitored by the market. 

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Central Bank of India Share Price Performance  

As of May 26, 2026, 12:21 pm, Central Bank of India share price was trading at ₹31.13, down 0.45% from the previous closing price. 

Conclusion 

LIC’s latest purchase has increased its holding in Central Bank of India from 3.16% to 6.06%. The acquisition was carried out through market purchases on May 22 and was later disclosed by the bank through stock exchange filings. 

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