Bank of Maharashtra stock in focus after LIC raises stake via QIP

Bank of Maharashtra stock in focus after LIC raises stake via QIP

ByKaushiki

In an October 5, 2024, exchange filing, the Life Insurance Corporation of India (LIC) revealed a substantial increase in its ownership of Bank of Maharashtra, from 4.05% to 7.10%. This rise is in response to the Qualified Institutional Placement (QIP) allocation of 25.96 crore equity shares at a price of ₹57.36 per share. To improve…

LIC increases its investment in Apollo Tyres and Bank of Maharashtra

LIC increases its investment in Apollo Tyres and Bank of Maharashtra

ByKaushiki

The Life Insurance Corporation of India (LIC) has boosted its interests in the Bank of Maharashtra and Apollo Tyres, which are expected to ignite investor interest in both firms on October 7. The statements, which revealed LIC’s expanding participation in these important industries, were made through regulatory filings. On October 4, the share price of…