Now RIL has a total investment of 1631 FIIs, promoters’ stake in 160 new investor linked companies also increased to 50.49 per cent.
Mukesh Ambani-owned Reliance Industries Limited (RIL) is well-liked by foreign institutional investors (FII). According to the regulatory filing filed by RIL, FII’s shareholding increased to 25.2 per cent in the September quarter. It was 24.72 per cent in the June quarter.
FII now holds 165.8 crore shares in total
As per the shareholding pattern filed by RIL, FII now has a total of 165.8 crore shares. He had 163.07 crore shares at the end of the June quarter. Thus FII has bought 2.73 crore shares of RIL in the last three months. According to RIL, 160 new FIIs bought shares in the July-September quarter. Now the total number of FIIs in RIL has increased to 1631.
FII selling steel and other energy sector shares
According to research by JP Morgan, FII is selling shares of Steel and other energy companies. Only base metal stocks where FII increased holdings. According to the report, FII’s stake in RIL set a new record. On a quarterly basis, FII increased its shareholding by 60 basis points.
Mutual fund share decreased for the second consecutive quarter
There has been a decline of 25 basis points in mutual fund shareholding in RIL in the second quarter of the current financial year. This is the second consecutive quarter when the share of mutual funds has come down. The mutual fund’s stake in RIL now stands at 5.12 per cent. Similarly, mutual funds have also sold in other stocks in the energy and metal sectors. FII shareholding in steel stocks has reached a decade low.
Promoters also increased stake
However, promoters increased their stake in RIL during this period. According to the regulatory filing, now the promoters’ stake in RIL has increased to 50.49 per cent. Promoters had a 50.37% stake in the previous quarter. Promoters include members of Mukesh Ambani’s family.