New Delhi, May 26 -- State-owned insurer Life Insurance Corporation of India has increased its stake in Central Bank of India to 6.06% from 3.16% earlier, following a fresh market purchase of shares.

In an exchange filing, the Central Bank of India said LIC acquired 26.26 crore equity shares, representing 2.901% stake in the public sector lender, through market purchases on May 22. Following the acquisition, LIC's shareholding in the bank rose to 6.06%.

As per the latest shareholding pattern, the promoter group held a dominant 89.27% stake in the company. Insurance companies owned 3.26%, while banks held 1.20%. Foreign portfolio investors (FPIs) accounted for 0.75% shareholding in the company.

Separately, the Central Bank of India also...