Titan Company Limited is one of the largest manufacturers and sellers of watches, eyewear as well as jewellery in India. The company is a part of the Tata group and held about 47.09% of its shares through the public category. The other 52.91% came through the promoter and promoter group. The percentage of shares through both the mentioned categories, remained composed in both the quarters- December 2019 and March 2020. On comparing the pattern of public shareholdings for both the consecutive quarters, the following differences were noticed:
Increase in shareholding % – The collective shares percentage of the Mutual Funds showed an extension from 5.15% to 5.66%. The Alternate Investment Funds reported enhancement from 0.35% to 0.40%. The Insurance Companies had an overall uptrend from 3.52% to 4.74%. The LIC of India expanded from 1.64% to 2.27%. The Central Government/ State Government(s)/ President of India climbed up from 0.18% to 0.23%. The Clearing Members‘ stakes widened from 0.24% to 0.31%. The Non-Resident Indians (NRI) incremented their bets from 0.66% to 0.67%. The LLP appeared with 0.01% of growth from 0.04% to 0.05%. The Trusts increased their investment from 0.09% to 0.19%.
Decrease in shareholding % – The Foreign Portfolio Investors brought the value down from 18.31% to 17.74%. The Financial Institutions/ Banks stepped down from 0.08% to 0.07%. Bodies Corporate lowered the interest from 0.67% to 0.62%. About 19 shareholders with Individual share capital in excess of Rs. 2 Lacs reduced the holdings from 7.86% to 6.46%. Jhunjhunwala Rakesh Radheshyam lessened the portions from 5.27% to 4.43% and Jhunjhunwala Rekha Rakesh decremented the bets from 1.42% to 1.10%.
Uniform pattern – The Matthews Pacific Tiger Fund at 1.02%, The NBFCs at 0.00%, The Director or Director’s Relatives at 0.03%, HUF at 0.13%, IEPF at 0.40% and the investors with Individual share capital upto Rs. 2 Lacs at 9.38% maintained their respective percentage in both the quarters of Dec’19 and Mar’20.
Though, the category of investors with Individual share capital up to Rs. 2 Lacs maintained the value, it also reported an increase in no. of shareholders from 2,64,548 to 3,05,835. In the March quarter, SBI-ETF Quality marked an entry at 1.09% or might have raised above 1.00% unlike in the previous quarter of December. The promoter and promoter group displayed no internal changes. The no. of public shareholders grew from 2,79,795 to 3,22,922.