Insurance companies on the rising trend in Infosys |Mar’20 qtr

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The I.T. and consultation company, Infosys Ltd, is one of the prominent corporations in the I.T. industry. From Dec’19 quarter to Mar’20 quarter, the shareholdings through public up-stepped from 86.40% to 86.42%, that through the promoters were stable at 13.15% and that through non-promoters went from 0.44% to 0.43%. Differences in the public shareholding pattern of the two quarters, are as follows:

Increase in shareholding % – The Mutual Funds incremented the parts from 13.36% to 13.66%. SBI Mutual Fund grew the bet from 2.25% to 2.56%. UTI Mutual Fund up-trended from 1.15% to 1.20%. VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND increased the value from 1.40% to 1.52%. Insurance Companies extended their holding from 10.30% to 10.73%. LIFE INSURANCE CORPORATION OF INDIA went from 6.30% to 6.62%. ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD upgraded from 1.53% to 1.54%. Individuals having share capital in excess of Rs. 2 Lacs expanded their bet from 4.29% to 4.36%. Foreign Bodies incremented the bet from 0.02% to 0.05%. Bodies Corporate up-stepped from 0.93% to 0.95%. Non-Resident Indians (NRI) stepped up from 0.65% to 0.66%.

Decrease in shareholding % – HDFC Mutual Fund lowered the bet from 2.57% to 2.50%. ICICI Prudential Mutual Fund reduced the stakes from 2.09% to 1.86%. Alternate Investment Funds reported a decrease from 0.19% to 0.16%. Foreign Portfolio Investors appeared with a reduction in holdings from 31.76% to 13.66%. GOVERNMENT OF SINGAPORE contracted their part from 1.71% to 1.64%. SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUND lessened the value from 1.29% to 1.27%. GOVERNMENT PENSION FUND GLOBAL went from 1.22% to 1.20%. Individuals with share capital up to Rs. 2 Lacs grew in number from 10,37,863 to 11,02,796 and their investments contracted from 5.61% to 5.56%. DEUTSCHE BANK TRUST COMPANY AMERICAS (Overseas Depository) decremented the stakes from 17.42% to 17.36%. Qualified Institutional Buyer(s) shrunk from 0.83% to 0.81%.

Identical shareholding % in both quarters – Financial Institutions/ Banks at 0.13%, Central Government/ State Government(s)/ President of India at 0.00%, NBFCs registered with RBI at 0.00%, and IEPF at 0.01%.

ABU DHABI INVESTMENT AUTHORITY might have entered the March’20 pattern or have grown above 1.00% to appear at 1.03%. The total public shareholders enlarged from 10,67,653 to 11,34,240.


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