IRFC shareholdings reached nearly 55 lakh small shareholding stake
The stake of Foreign Portfolio Investors (FPIs) has remained constant at 1.1% and the government continues to remain the largest shareholder in IRFC, with their stake remaining at 86.36%.
IRFC shareholdings reached nearly 55 lakh small shareholding stake
New Delhi: State-owned Indian Railways Finance Corporation (IRFC) Ltd.'s latest shareholding pattern shows that small retail investors continued to increase their stake in the PSU, even after the stock made a record high and then corrected during the July-September quarter.
IRFC's latest shareholding indicates that small shareholders, or those with nominal share capital up to Rs 2 lakh increased to 54.5 lakh from 50.63 lakh during the quarter that ended on June 30. If compared on a year-on-year basis, the number of retail shareholders in IRFC has doubled as that figure stood at 26 lakh as per its shareholding pattern for September 2023.
In percentage terms, the stake of retail investors in IRFC has increased to 9.62% from 9.35% in June. Mutual Funds trimmed their exposure to the stock and now have a negligible 0.15% stake from 0.55% in June.
Read Also : One day to go: India to Auction Offshore Mineral BlocksThe stake of Foreign Portfolio Investors (FPIs) has remained constant at 1.1% and the government continues to remain the largest shareholder in IRFC, with their stake remaining at 86.36%.
IRFC is one of the many PSUs where government shareholding continues to remain above 75%, which is the norm for promoters to comply with to achieve minimum public shareholding. India's state-run companies along with public sector banks, which are yet to comply with their minimum public shareholding (MPS) norms, have been given an extension up to August 1, 2026, to comply with the same.
Read Also : Defence Partnership Days: 28-29 November 2024, Read about itNews Must Read
- Defence Partnership Days: 28-29 November 2024, Read about it
- HUDCO and NBCC signs Agreement for landmark Noida project
- NBCC received approx Rs. 316 Crore work order
- BEML and MDL signs MoU for developing Marine Applications
- Ravi K Takes Over as Director (Operations) at HAL
- REC Limited bags award in Best Corporate Film category
- Paytm Launches UPI LITE Auto Top-up for Recurring Daily Payments Under Rs 500 with No PIN
- SECI sign MoU with Rajasthan Government for investment in Renewables
- Power Minister inaugurates NTPC Green Hydrogen Mobility Project in Leh
- Rites revises estimate for Northeast Frontier Railway electrification to Rs 532 crore