Mutual Funds dipped to 0.75% in South Indian Bank’s holding | Jun’20

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South Indian Bank, headquartered in Kerala, is one of the private sector banks with its branches all over India. In both the consecutive quarters of March 2020 and June 2020, it had total 100% of the shareholding through the public category shareholders. Differences in the two quarters’ public shareholding data, are as follows:

Increase in shareholding % – Financial Institutions/ Banks grew the stakes from 0.47% to 0.59%. Number of shareholders with Individual share capital up to Rs. 2 Lacs rose from 4,24,703 to 4,93,780 and the bet incremented from 45.21% to 51.88%. Bodies Corporate extended their parts from 5.63% to 5.88%. Clearing Members upgraded the holdings from 0.54% to 1.18%. HUF up-stepped 1.63% to 1.69%. YUSUFFALI MUSALIAM VEETTIL ABDUL KADER up-stepped from 4.98% to 4.99%

Decrease in shareholding % – Mutual Funds reduced the stakes from 3.54% to 0.75%. Foreign Portfolio Investors lowered the value from 19.10% to 15.98%. PEAR TREE POLARIS FOREIGN VALUE SMALL CAP FUND decreased the bet from 3.61% to 1.39%. Individuals having share capital in excess of Rs. 2 Lacs lessened the parts from 10.27% to 9.13%. Non-Resident Indians shrunk their investments from 9.53% to 8.84%.

Identical shareholding % in both the quarters- Alternate Investment Funds at 0.06%; LAVENDER INVESTMENTS LIMITED at 4.91%; ACACIA BANYAN PARTNERS at 1.72%; ACACIA PARTNERS LP at 1.38%; ACACIA INSTITUTIONAL PARTNERS LP at 1.14%. LIFE INSURANCE CORPORATION OF INDIA at 3.22%; Central Government/ State Government(s)/ President of India at 0.00%; Director or Director’s Relatives at 0.12%; and IEPF at 0.42%.

ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND might have exited the pattern or have dipped below 1.00%; it was at 2.44% in Mar’20 quarter. The number of public shareholders enlarged from 4,40,646 to 5,08,591.


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