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BankingNABARD / RBI

LIC Lifts Central Bank of India Holding to 6.06%

27 May 20261 min read
ECONOMYLIC Lifts CentralBank of IndiaHolding to 6.06%27 May 2026safalsetu.com

Why in the news

The country’s largest life insurer increased its shareholding in a state-owned lender.

Key facts

  • Buyer: Life Insurance Corporation of India (LIC).
  • Company: Central Bank of India.
  • New stake: 6.06%.
  • Shares bought: 26.26 crore, through market purchases.
  • Context: the Government’s Offer for Sale (OFS) under disinvestment.

Exam angle

  • Term to know: Offer for Sale (OFS).
  • Policy link: disinvestment strategy.
  • Stake after purchase: 6.06%.

Test yourself

1. What is LIC's stake in Central Bank of India after its latest purchases?

LIC raised its stake to 6.06%.

2. How many equity shares of Central Bank of India did LIC acquire through market purchases?

It acquired 26.26 crore shares.

3. The Government of India's sale of Central Bank of India shares, during which LIC bought, was conducted as which route?

It was an Offer for Sale under disinvestment.

This topic is part of Daily Current Affairs 27 May 2026 (24 topics).

All topics of the dayDay quizMay 2026

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