Tata MF incremented stakes to 1.75% in CEAT | Mar’20 qtr

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CEAT (Cavi Electrici e Affini Torino) limited is an Italian tyre company and has become globally renowned for its tyre manufacturing. From Dec’19 quarter to Mar’20 quarter, its public holdings went from 53.32% to 53.31% and promoters’ holdings went 46.68% to 46.69%. Differences between the public shareholding patterns of both the quarters of December 2019 and March 2020, are:

Increase in shareholding % – The total holding of all the Mutual Funds grew from 5.39% to 6.11%. TATA MUTUAL FUND- TATA EQUITY P/E FUND up-stepped the bet from 1.73% to 1.75%. MIRAE ASSET EMERGING BLUECHIP FUND incremented the parts from 3.58% to 4.29%. AMANSA HOLDINGS PRIVATE LIMITED up-stepped the value from 7.96% to 7.97%. Insurance Companies rose their bet from 2.57% to 2.72%. THE NEW INDIA ASSURANCE COMPANY LIMITED incremented the stakes from 1.78% to 1.93%. The Trusts extended the values from 0.06% to 0.11%.

Decrease in shareholding % – Foreign Portfolio Investors reported with a reduction in stakes from 28.36% to 28.21%. JWALAMUKHI INVESTMENT HOLDINGS decremented the bet from 6.16% to 5.77%. The Financial Institutions/ Banks appeared with a decrease in parts from 0.08% to 0.05%. Investors with Individual share capital up to Rs. 2 Lacs contracted the holdings 10.76% to 10.22%. Bodies Corporate down-stepped the bet from 0.39% to 0.36%. Clearing Members deducted their stakes from 0.61% to 0.48%. HUF went from 0.31% to 0.29%. LLP minimized the holdings from 0.01% to 0.00%. The Non-Resident Indians (NRI) dropped their investments from 0.59% to 0.57%.

Identical shareholdings % – INDIA OPPORTUNITIES GROWTH FUND LTD – PINEWOOD STRATEGY at 4.41%, MIRAE ASSET INDIA MID CAP EQUITY FUND at 1.26%, Central Government/ State Government(s)/ President of India at 0.00%, NBFCs registered with RBI at 0.00%, Director or Director’s Relatives at 0.01%, IEPF at 0.63%, Overseas Corporate Bodies (Westbridge Crossover Fund, LLC) at 3.51% and Unclaimed or Suspense or Escrow Account at 0.03%.

CRESTWOOD CAPITAL MASTER FUND LTD might have entered as a new shareholder or have widened the percentage above 1.00%, as it was at 1.10% in Mar’20 quarter. The total number of public shareholders shrunk from 78,269 to 76,430.


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