Gas Authority of India Limited (GAIL) is the largest gas company in India, which is owned by the state. The Ministry of Petroleum and Natural Gas administers the company. (From Dec’19 to Mar’20 quarters) the public shareholdings of the company increased from 47.87% to 47.94% and the promoter and promoter group’s holdings decreased from 52.13% to 52.06%. On comparison of the public shareholding pattern of the two consecutive quarters, following changes were observed:
Increase in shareholding % – The Mutual Funds grew the overall parts from 10.23% to 11.34%. ICICI PRUDENTIAL COMMODITIES FUND elevated from 1.35% to 2.76%. HDFC TRUSTEE COMPANY Ltd. extended its stakes from 3.23% to 3.59%. The Alternate Investment Funds grew its bet from 0.00% to 0.03%. The Financial Institutions/ Banks climbed up from 0.72% to 0.77%. The Central Government/ State Government(s)/ President of India incremented the value from 8.22% to 8.31%. The shareholdings investing with Individual share capital up to Rs. 2 Lacs enlarged from 2,76,494 to 3,36,455 and the holdings grew from 2.06% to 2.39%. NBFCs registered with RBI stepped up from 0.00% to 0.01%. The total parts of any other category (viz. Trusts, Bodies corporate) rose from 2.15% to 2.25%
Decrease in shareholding % – The Foreign Portfolio Investors reduced their stakes from 17.79% to 16.30%. The Insurance Companies lowered the values from 6.30% to 6.18%. The shareholders with Individual share capital in excess of Rs. 2 Lacs extended in number from 260 to 273; while the holdings down-stepped from 0.39% to 0.37%.
Unchanged shareholding % – SBI Fund at 1.06%, INDIAN OIL CORPORATION LIMITED at 2.43%, OIL AND NATURAL GAS CORPORATION LIMITED at 4.86% and LIFE INSURANCE CORPORATION OF INDIA at 5.23% had unchanged values in both the quarters of Dec’19 and Mar’20.
RELIANCE CAPITAL TRUSTEE CO LTD NIPPON INDIA ETF NV20 might have completely exited or dipped below 1.00% as it was 1.20% in December quarter and disappeared in the March’20 quarter. TEMPLETON EQUITY INDIA EQUITY INCOME FUND might have elevated above 1.00% or have entered as a new shareholder in Mar’20 at 1.11%. The total number of public shareholders widened from 2,84,299 to 3,45,340. Among the promoter and promoter group, THE PRESIDENT OF INDIA lessened the holdings from 53.13% to 53.06%.