The private sector bank, Kotak Mahindra, was founded in 2003 in India. The public holdings, from Dec’19 to Mar’20, upgraded from 70.04% to 70.08%; and the promoters’ stakes lessened from 29.96% to 29.92%. The changes in the patterns of public shareholders for the quarters of December 2019 and March 2020, are as follows:
Increase in shareholding % – Total values through all the Mutual Funds from 8.79% to 9.00%. SBI Mutual Fund up-stepped from 2.53% to 2.56%. Axis Mutual Fund rose the stakes from 1.32% to 1.50%. INVESCO OPPENHEIMER DEVELOPING MARKETS FUND grew the bet from 2.82% to 2.86%. NEW WORLD FUND INC incremented their parts from 1.76% to 1.88%. CANADA PENSION PLAN INVESTMENT BOARD extended their holding from 6.03% to 6.20%. Insurance Companies appeared with a rise from 3.34% to 3.42%. LIC OF INDIA developed the bet from 2.31% to 2.23%. Shareholders’ count for Individuals with share capital up to Rs. 2 Lacs grew from 2,63,198 to 3,18,294; the percentage furthered from 4.44% to 4.48%. Clearing Members up-lifted their bet from 0.15% to 0.26%. NON-RESIDENT INDIAN NON REPATRIATE grew to 0.17% from 0.16%. Qualified Institutional Buyers upgraded their parts from 0.54% to 0.56%. Trusts furthered their bet from 0.81% to 0.93%. Bodies Corporate moved their holding up from 2.93% to 3.08%.
Decrease in shareholding % – Alternate Investment Funds reported with a lowering in bet from 0.20% to 0.19%. Foreign Portfolio Investors appeared with a decrease in parts from 39.75% to 39.17%. EUROPACIFIC GROWTH FUND down-stepped the holdings from 4.98% to 4.97%. CAPITAL WORLD GROWTH AND INCOME FUND went from 1.91% to 1.90%. Financial Institutions/ Banks reduced the stakes from 0.05% to 0.04%. For Individuals having share capital in excess of Rs. 2 Lacs, holdings lowered from 4.93% to 4.85%. FOREIGN BANK (SUMITOMO MITSUI BANKING CORPORATION) down-stepped from 1.72% to 1.71%. Non-Resident Indian(s) shrunk from 0.26% to 0.24%. Overseas Corporate Bodies decremented from 0.44% to 0.43%.
Unaltered shareholdings % – CAISSE DE DEPOT ET PLACEMENT DU QUEBEC-FIRST STATE at 1.15%, Central Government/ State Government(s)/ President of India at 0.00%, NBFCs registered with RBI at 0.02%, Foreign Nationals at 0.00%, IEPF at 0.17%, and FOREIGN CORPORATE BODIES (CALADIUM INVESTMENT PTE LTD) at 1.36% had unchanged percentage in Mar’20 quarter.
The total number of public shareholders widened from 2,77,248 to 3,34,267. There were 8 promoters and groups in both the quarters.