The Kumbakonam bank, later named as ‘The City Union Bank’, is an Indian financial service company founded in 1904. The bank had 100% of holding through the public in both the quarters of Mar’20 and Jun’20. The internal fluctuations in the values of the public shareholding patterns of the two quarters, are as follows:
Increase in shareholding % – SUNDARAM MUTUAL FUND SMALL CAP grew the parts from 1.22% to 1.34%. UTI UNIT LINKED INSURANCE PLAN upgraded the value from 1.85% to 1.90%. Alternate Investment Funds reported a rise in holding from 0.51% to 0.59%. Foreign Portfolio Investors appeared with a growth in percentage from 20.79% to 21.65%. SMALL CAP WORLD FUND INC extended the bet 3.12% to 4.07%. The Individuals with share capital up to Rs. 2 Lacs rose their parts from 23.62% to 24.54%. Financial Institutions/ Banks up-stepped the investment from 4.15% to 4.16%. Non-Resident Indians (NRI) incremented the value from 1.01% to 1.05%. Clearing Members grew the part from 0.20% to 0.23%. Qualified Institutional Buyers magnified the percentage from 3.37% to 4.42%. HDFC LIFE INSURANCE CO LTD extended the holding from 2.54% to 2.85%.
Decrease in shareholding % – Mutual Funds reduced the stakes from 27.43% to 25.35%. DSP EQUITY OPPORTUNITIES FUND decremented the value from 2.27% to 2.24%. L & T MUTUAL FUND TRUSTEE LTD lowered the bet from 2.32% to 1.61%. AXIS MUTUAL FUND lessened the parts from 4.07% to 3.95%. IDFC HYBRID EQUITY FUND down-stepped from 1.09% to 1.08%. The Individuals with share capital in excess than Rs. 2 Lacs decreased the bet from 14.06% to 14.05%. Bodies Corporate decremented the value from 4.57% to 3.68%.
Unaltered shareholding % in the latter quarter – HDFC TRUSTEE COMPANY LTD MID CAP at 4.48%. FRANKLIN INDIA PRIMA FUND at 1.93%. WASATCH CORE GROWTH FUND at 1.27%. BANK MUSCAT INDIA FUND at 1.23%. TVF FUND LTD at 1.06%. LIFE INSURANCE CORPORATION OF INDIA at 4.13%. Central Government/ State Government(s)/ President of India at 0.00%. VISALAM G at 2.05%. SRIRAM V HUF at 1.23%. VILASINI VAIDYANATHAN at 2.05%. Trusts at 0.02%. IEPF at 0.28%.
ICICI PRUDENTIAL MIDCAP 150ETF might have entered the pattern or have grown above 1.00% in the latter quarter of June to 1.65%. MOTILAL OSWAL MIDCAP100 ETF and GKFF VENTURES might have exited the pattern or dipped below 1.00% in June; they were at 1.16% and 1.53% respectively, in March quarter.
The total number of public shareholders grew from 1,07,532 to 1,25,491.