One of the popular pharmaceutical companies, Cipla Ltd, produces drugs and medications on a wide range of ailments. It is among the few companies in India, planning to release a generic drug for COVID-19. In both the consecutive quarters of Dec’19 and Mar’20, it had about 63.32% and 36.68% of the total shareholding through the public and the promoters respectively. Comparison of the public shareholding patterns of the two quarters shows the following differences:
Increase in shareholding % – The Mutual Funds upgraded the values from 16.40% to 16.93%. ICICI Prudential Mutual Fund incremented the parts from 5.99% to 6.29%. Aditya Birla Mutual Fund expanded their bet from 1.95% to 2.44%. SBI Mutual Fund grew from 1.66% to 2.09%. Alternate Investment Funds reported a rise in holdings from 0.05% to 0.16%. Government Pension Fund Global rose from 1.16% to 1.55%. Insurance Companies incremented the stakes from 4.04% to 5.27%. Life Insurance Corporation of India increased the parts from 3.74% to 4.91%. Trusts stretched the bet from 0.84% to 1.17%. Clearing Members rose their values from 0.06% to 0.28%. Bodies Corporate extended their part from 4.04% to 4.18%.
Decrease in shareholding % – HDFC Mutual Fund down-stepped the parts from 3.08% to 3.05%. Foreign Portfolio Investors appeared with a reduction in values from 20.29% to 17.97%. Financial Institutions/ Banks lowered the holding from 0.37% to 0.27%. The number of shareholders with Individual share capital up to Rs. 2 Lacs widened from 2,15,427 to 2,33,711 and the holdings down-stepped from 7.66% to 7.65%. Investments through Individuals with share capital in excess of Rs. 2 Lacs lessened from 8.36% to 8.27%. NBFCs registered with RBI minimized the stake from 0.03% to 0.00%. Non-Resident Indians (NRI) contracted from 0.77% to 0.76%.
Identical shareholding % in both quarters – Foreign Institutional Investors at 0.01%, Central Government/ State Government(s)/ President of India at 0.00%, Foreign Nationals at 0.00%, Overseas Corporate Bodies at 0.00%, and IEPF at 0.40%.
Reliance Mutual Fund at 1.71%(Dec’19) and First State Investments ICVC- Stewart Investors at 1.65%(Dec’19) might have completely exited or sunk below 1.00% to disappear in the March’20 quarter. The number of public shareholders enlarged from 2,24,440 to 2,42,900.