PNB, L&T increase stakes in Abbott India in Mar’20 qtr.

Abbott India Logo

Abbott India Limited is a global healthcare company and it conducts various researches as well as manufactures equipments for the betterment of human life quality. In these times of a global pandemic, it also announced for its lab-tests kits in India. About 25.01% of its investments came through the public shareholders while 74.99% came through the promoter and promoter group. This percentage value was identical in December 2019 quarter and March 2020 quarter. Below mentioned, are the trends observed in the public shareholding patterns of both the quarters- Dec’19 & Mar’20 :

Increase in shareholding % – Alternate Investment Funds appeared with a rise of 0.03%- from 0.74% to 0.77%. L & T MUTUAL FUND TRUSTEE LIMITED – L & T MID CAP FUND showed a growth from 1.28% to 1.41%. The no. of shareholders investing with Individual share capital up to Rs. 2 Lacs expanded from 37,007 to 46,152 and the value incremented from 14.28% to 14.38%. The Clearing Members rose from 0.01% to 0.13%. The Bodies Corporate extended the bet from 1.07% to 1.17%. HUF stepped up from 0.35% to 0.37%. PNB METLIFE INDIA INSURANCE COMPANY LIMITED reported a slight increase from 0.01% to 0.02%.

Decrease in shareholding % – The overall value of Mutual Funds reduced from 4.98% to 4.79%. The Foreign Portfolio Investors lowered the stakes from 1.82% to 1.64%. The Financial Institutions/ Banks stepped down from 0.35% to 0.34%. The Insurance Companies reported a decrease in value from 0.19% to 0.17% in March 2020 quarter.

Unchanged shareholding % – The Central Government/ State Government(s)/ President of India at 0.00%, the shareholders with Individual share capital in excess of Rs. 2 Lacs at 0.22%, the Trusts at 0.00%, NBFCs registered with RBI at 0.00%, The Non-Resident Indian (NRI) at 0.49%, Overseas Corporate Bodies at 0.00%, IEPF at 0.46%, Unclaimed or Suspense or Escrow Account at 0.02%, BHARTI AXA LIFE INSURANCE COMPANY LIMITED at 0.01% and AEGON RELIGARE LIFE INSURANCE COMPANY LIMITED at 0.01% maintain the values of Dec’19 quarter in Mar’20 quarter.

The total number of public shareholders enlarged from 39,414 to 49,251. The category of promoter and promoter group held 3 shareholders and reported no internal change in the pattern of holdings.

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