Mirae Asset, Sundaram on the decreasing trend in ABFRL | Mar’20 qtr.

Aditya Birla Fashion Logo

Aditya Birla Fashion and Retail Ltd, is a clothing retail company in India and is formed from merging the businesses of Madura Fashion and Lifestyle and Pantaloons Fashion and Retail. In December 2019 quarter, the company had 40.53% of its shares through the public, 59.09% through the promoter and promoter group and 0.38% through the non-promoters. In March 2020 quarter, it had 40.35%- public, 59.07%- promoters and group, 0.58%- non-promoters’ holdings. Comparison of the public shareholding patterns of the company’s Dec’19 and Mar’20 quarters, shows following differences:

Increase in shareholding % – The Mutual Funds grew in value from 18.34% to 18.47%. Reliance MF and its Affiliates stepped up from 5.10% to 5.11%. UTI MF and its Affiliates extended the bet from 2.51% and 2.65%. Franklin MF and its Affiliates rose from 1.99% to 2.08%. ITPL MF and its Affiliates extended the stakes from 1.19% to 1.22%. The Financial Institutions/ Banks up-stepped from 0.06% to 0.07%. The Insurance Companies expanded the parts from 2.03% to 2.72%. The count of shareholder with Individual share capital in excess of Rs. 2 Lacs lessened from 144 to 142; while the percentage of holdings grew from 0.86% to 1.07%.

Decrease in shareholding % – Mirae Asset Mutual Fund and its Affiliates declined in holdings from 2.18% to 1.92%. Sundaram MF and its Affiliates lowered its part from 1.47% to 1.40%. The Foreign Portfolio Investors reduced from 9.36% to 8.43%. India Opportunities Growth Fund Ltd. – Pinewood Strategy held 1.14% in Dec’20, which contracted to 1.05% in Mar’20. The no. of shareholders with Individual share capital up to Rs. 2 Lacs grew from 1,42,595 to 1,42,647, while the holdings shrunk from 6.74% to 6.66%.

Identical shareholding % – Aditya Birla Sun Life Trustee Private Limited Mutual Fund and its Affiliates at 1.05%, Alternate Investment Funds at 0.07%, Foreign Banks at 0.00%, UTI at 0.01%, Central Government/ State Government(s)/ President of India at 0.59%, NBFCs registered with RBI at 0.00% had identical values in both the consecutive quarter.

The number of public shareholders reduced from 1,51,699 to 1,51,661. Among the promoters’ group, Birla Group Holdings Private Limited and Umang Commercial Company Private Limited reported a reduction of 0.01% in their holdings. The non-promoter group has the Employee Benefit Trust.


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