LIC, the country's largest and the only state-owned life insurer, bought nearly 4.52 per cent shares in Dena Bank in a period between May 23 to September 18, the bank said in a regulatory filing.
The equity sale to LIC was done through a preferential allotment of shares.
The stake buy by LIC is equivalent to 44,865,702 shares.
Prior to this additional stake purchase, LIC held over 9.73 per cent (96,705,466 shares) stake in Dena Bank.
Stock of Dena Bank today closed 0.48 per cent down at Rs 31.10 on BSE today.
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