Business Daily from THE HINDU group of publications
Tuesday, Aug 12, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Aug 12, 2008 ePaper | Mobile/PDA Version | Audio |
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Info-Tech
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Stocks Markets - Foreign Institutional Investors
V. Rishi Kumar Hyderabad, Aug. 11 Mutual funds, including UTI, have hiked their holdings in IT services provider Satyam Computer from 4.88 per cent to 5.56 per cent while foreign institutional investors (FIIs) have brought down their total holding marginally in the June quarter as against previous quarter. According to the latest filings with the stock exchanges, while mutual funds and UTI together now hold higher number of shares during the quarter gone by, FIIs have brought down their holding from 48.22 per cent in March quarter to 47.65 per cent in June. Fidelity Management & Research Company has hiked its stake from March quarter (3.13 per cent) to 3.42 per cent in June quarter. Aberdeen Asset Managers have brought down their holdings from 2.99 per cent to 1.63 per cent . Significantly, in the listing of public holdings with more than one per cent share shows that the total holding in March quarter was 22.46 per cent. This has come down to 17.42 per cent during June quarter. However, while shareholders such as LIC have brought down their stake, some FIIs such as HSBC Global Investment have hiked their stake. ICICI Prudential has hiked its holdings to 3.28 per cent from 2.83 per cent. There has been marginal change in the total promoter holding in the company. As against 8.74 per cent in the March quarter, it is about 8.63 per cent in June. More Stories on : Stocks | Foreign Institutional Investors | Mutual Funds | Satyam Computer Services Ltd | Software
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