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Life Insurance Corp. of India sells 2.06% stake in Bank of Baroda

Life Insurance Corp. of India divested part of its stake in Bank of Baroda in an open market sale, reducing its stake in the lender to 5.194% from 7.249%.

The insurer sold 47,341,007 shares, or a 2.055% stake, in Bank of Baroda from Sept. 1 to Nov. 29, according to a Nov. 30 release.