LIC grew the stake to 10.15% in ICICI Bank | Jun’20 qtr

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One of the prominent private banking and financial services companies, ICICI Bank Limited had 100% of public shareholding in both the quarters of March 2020 and June 2020. The alterations in the public shareholding pattern of the two quarters, are as follows:

Increase in shareholding % – Mutual Funds incremented the stakes from 27.61% to 28.28%. SBI MUTUAL FUND grew from 4.54% to 4.61%. HDFC MUTUAL FUND increased the bet from 4.29% to 4.54%. ICICI PRUDENTIAL MUTUAL FUND rose the parts from 3.12% to 3.49%. RELIANCE MUTUAL FUND went from 2.15% to 2.23%. KOTAK MAHINDRA MUTUAL FUND increased the value from 1.80% to 1.98%. UTI MUTUAL FUND upgraded the parts from 1.59% to 1.66%. Alternate Investment Funds up-stepped the stake from 0.61% to 0.65%. DODGE & COX INTERNATIONAL STOCK FUND incremented the bet from 3.75% to 3.90%. GOVERNMENT OF SINGAPORE grew the holdings from 2.08% to 2.12%. ABU DHABI INVESTMENT AUTHORITY rose the bet from 1.36% to 1.46%. Financial Institutions/ Banks stepped up from 0.15% to 0.16%. Insurance Companies enhanced the percentage from 14.52% to 14.80%. LIFE INSURANCE CORPORATION OF INDIA magnified the stakes from 9.97% to 10.15%. Holdings through NPS Trust rose from 1.69% to 1.84%. Central Government/ State Government(s)/ President of India incremented the parts from 0.39% to 0.42%. Number of shareholders with Individual share capital up to Rs. 2 Lacs enlarged from 10,49,715 to 12,35,450 and the values went from 6.26% to 6.60%.

Decrease in shareholding % – ADITYA BIRLA MUTUAL FUND lowered the value from 2.05% to 2.03%. Foreign Portfolio Investors reported a decrease in stakes from 43.70% to 42.96%. EUROPACIFIC GROWTH FUND lessened the parts from 2.59% to 2.10%. Individuals with share capital in excess than Rs. 2 Lacs reduced the bet from 1.28% to 1.17%. Trusts down-stepped from 0.04% to 0.03%. Clearing Members decremented the bet from 0.31% to 0.23%.

Identical shareholding % in both the quarters – Foreign Banks at 0.02%. NBFCs registered with RBI at 0.01%. Non-Resident Indians (NRI) at 0.43%. IEPF at 0.12%. HUF at 0.14%.

AXIS MUTUAL FUND might have exited the pattern or dipped below 1.00% in the June quarter; it was at 1.41% in the former quarter.

The total number of public shareholders expanded from 11,01,299 to 12,89,711.


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