ICICI prudential rose the stake to 2.69% in Indian Oil | Mar’20 qtr

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Indian Oil Company (Indian Oil Corporation Limited) is under the ownership of Indian government and it ranks among the largest oil companies in the country. For both the consecutive quarters of December 2019 and March 2020, the company had 48.50% of the holdings through public and 51.50% through the promoter and group. Other internal fluctuation in the values of public shareholding patterns (for the two mentioned quarters), are as follows:

Increase in shareholding % – ICICI PRUDENTIAL VALUE FUND grew the bet from 2.26% to 2.69%. Insurance Companies upgraded the value from 7.12% to 7.13%. The number of shareholders with Individual share capital up to Rs. 2 Lacs enlarged from 4,77,203 to 5,75,005 and the parts rose from 3.25% to 3.71%. Individuals with share capital excess of Rs. 2 Lacs incremented their bet from 0.57% to 0.66%.

Decrease in shareholding % – Mutual Funds lowered the stakes from 6.47% to 6.06%. Foreign Portfolio Investors withdrew their holding to reduce it from 7.64% to 7.16%.

Unaltered shareholding % – Financial Institutions/ Banks at 0.21%, LIFE INSURANCE CORPORATION OF INDIA at 6.48%, Central Government/ State Government(s)/ President of India at 0.11%, NBFCs registered with RBI at 0.00%, ONGC Ltd at 14.20%, Oil India Ltd at 5.16%, and IOC shares trust at 2.48%.

TEMPLETON INDIA EQUITY INCOME FUND and SBI LARGE & MIDCAP FUND might have entered as new entities or have grown above 1.00% to appear at 1.04% and 1.24% respectively in the March’20 quarter. RELIANCE CAPITAL TRUSTEE CO might have completely exited or sunk below 1.00% in Mar’20 quarter; it was at 2.18% in the former quarter of Dec’19. The total number of shareholders through the public category expanded from 4,87,266 to 5,86,534. The entire 51.50% of the promoter group shareholding comes through the government (President of India).

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