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Our Bureau

New Delhi , Feb. 7

THERE has been an increase in interest by small investors in Dabur Pharma Ltd.

According to the shareholding pattern of the company for the quarter ended December 31, the Indian public held 13.07 per cent stake compared to 8.56 per cent held by them in the previous quarter.

Consequently, the promoters have managed to bring down their holding to 75.69 per cent in order to comply with the SEBI rules of bringing down the promoters stake to 75 per cent.

The company had been given time till December 31, 2004, to comply with these norms. Besides, persons acting in concert hold about 0.35 per cent. This was done mainly through secondary market operations.

Interestingly, mutual funds banks, financial institutions and FIIs have also been net sellers during the same period.

A Dabur Pharma official confirmed that the promoters brought down their stake in order to comply with the listing requirements.

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Mutual funds assets under management rise marginally

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