Aditya birla Sunlife decreases its stake in Whirlpool in March 2020 Quarter

Whirlpool Of India Ltd.

25% shares of Whirlpool Of India Ltd., manufacturer and trader of various home appliances, are under public shareholders; while 75% are with the Promoter and Promoter Group. On comparing, the following trends are seen in the public shareholding pattern of the company, between December 2019 quarter and March 2020 quarter.

Increase in public shareholdings- The overall Mutual Funds grew from 8.03% to 8.15%. Alternate Investment Funds stepped up to 1.38% from 1.35%. Financial Institutions/ Banks held 0.03% in December 2019 quarter, which expanded to 0.18 in March 2020. Insurance Companies went up from 0.52% to 0/90%. No. of shareholders for Individual share capital up to Rs. 2 Lacs increased from 50202 to 56600 along with holdings rising from 6.35% to 6.43%. HUF‘s shares stepped up by 0.01% i.e. from 0.26% to 0.27%. Clearing Members held 0.08% of shares which rose to 0.08%.

Decrease in public shareholdings- Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Equity Hybrid ’95 Fund held 2.00% of the shares which reduced to 1.67%. Foreign Portfolio Investors‘s holdings dipped from 4.31% to 3.78%. No. of shareholders for Individual share capital in excess of Rs. 2 Lacs came down from 31 to 30 along with the shares reducing from 1.70% to 1.63%. The Bodies Corporate held 1.89% in December 2019 quarter which reduced to 1.68%.

Unaltered (Stable) public shareholdings- HDFC Trustee Company Ltd – A/C HDFC Mid – Cap opportunities Fund (1.81%), Foreign Bank (0.00%), Central Government/ State Government(s)/ President of India (0.00%), NBFCs registered with RBI (0.02%), Trusts (0.00%), Foreign Nationals (0.00%) and Non-Resident Indian (NRI) (0.49%) maintain the holdings as in the December 2019 quarter.

Whirlpool Of India Ltd. witnessed no new entries or complete exits in these two quarters. As noticed above, among the Unaltered shareholdings, most are at 0.00%; also there are no large jumps in increasing trend and no large dips in the decreasing trend. This can be, for, 75% of the shareholdings are under the Promoter and Promoter Group, which includes Whirlpool Mauritius Limited with entire 75% of holdings. The trends may vary in the next quarters, depending upon the new entries as well as exits.


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