JP Morgan reduced the bet to 14.02% in Dr. Reddy’s Lab | Jun’20 qtr

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The Indian pharmaceutical company, Dr. Reddy’s Laboratories, is determined to provide numerous medications at an affordable price. From the quarter of March 2020 to the quarter of June 2020, the holdings through the promoters down-stepped from 26.75% to 26.74%, that through the public upgraded from 73.01% to 73.03% and that through the non-promoters decremented from 0.24% to 0.22%. The differences in the public shareholding patterns of the two consecutive quarters, are as follows:

Increase in shareholding % – Mutual Funds incremented the stakes from 8.75% to 9.96%. SBI Mutual Funds and their associates grew the parts from 1.46% to 2.11%. Alternate Investment Funds appeared with a rise from 0.11% to 0.15%. The number of shareholders with Individual share capital up to Rs. 2 Lacs rose from 1,08,875 to 1,24,026 and the value upgraded from 7.03% to 7.28%. Bodies Corporate increased the parts from 4.40% to 4.92%. ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED extended the bet from 1.28% to 1.57%. Trusts up-stepped from 1.05% to 1.12%.

Decrease in shareholding % – Foreign Portfolio Investors reported a decrease in the parts from 30.15%t o 29.33%. FIRST STATE INVESTMENTS ICVC- STEWART INVESTORS ASIA PACIFIC LEADERS FUND lowered the value from 2.76% to 2.34%. Financial Institutions/ Banks reduced the bet from 0.15% to 0.08%. Insurance Companies decremented the stakes from 5.34% to 4.45%. LIFE INSURANCE CORPORATION OF INDIA and their associates reduced the holdings from 5.10% to 4.22%. Individuals with share capital in excess than Rs. 2 Lacs shrunk the bet from 0.15% to 0.13%. JP MORGAN CHASE BANK, NA down-stepped from 14.10% to 14.02%. Clearing Members went from 0.41% to 0.25%.

Identical shareholding % in both the quarters – Central Government/ State Government(s)/ President of India at 0.00%. Non-Resident Indians (NRI) at 0.99%. Unclaimed or Suspense or Escrow Account at 0.23%. IEPF at 0.13%.

Franklin Templeton Mutual Fund and their associates might have exited the pattern or dipped below 1.00% in the quarter of Jun’20; they were at 1.24% in the former quarter.

Shareholders, which might have grown above 1.00% or entered the pattern in the June quarter- AXIS NIFTY ETF at 1.21%. STITCHING DEPOSITORY APG EMERGING MARKETS EQUITY POOL at 1.05%. GOVERNMENT OF SINGAPORE at 1.07%.

The total number of public shareholders expanded from 1,15,361 to 1,31,492.


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