IREDA Share Price in focus as Retail shareholding crosses over 26 lakhs
IREDA sees jump in retail investors to 26.48 lakh with 20.25% stake as stock opens at Rs 156.50 on April 11.
According to the latest shareholding pattern of the IREDA, over 26 lakh small shareholders, or those with authorised share capital of up to Rs 2 lakh, now own shares of the company.
Therefore, it has around 26.48 lakh retail shareholders, who now own 20.25% stake in the company, in comparison to the 25.88 lakh small shareholders who had a 19.95% stake at the end of the December quarter.
The Domestic mutual funds have their stake at 0.23% at the end of March, against 0.28% in December and the FPI stake is almost consistent at 1.75% from 1.85% in the previous quarter.
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Additionally, on April 15, the company will hold a board meeting to consider its March quarter results. The company has already disclosed its business update for the quarter
Today, IREDA share prices opened at Rs 156.50 for 11th April, which is approximately 3.21% higher than the closing price of Rs 151.2 on the 9th of April.
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