LIC has purchased 89,80,398 shares of the state-owned Bank of Maharashtra, representing 2.08 per cent stake,
worth Rs 39.70 crore, Bank of Maharashtra said in a disclosure to the Bombay
Stock Exchange.
LIC held 5.19 per cent stake in the bank initially, now it holds 7.27 per cent stake or
3,13,33,967 shares of Bank of Maharashtra.
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