I looked at the shareholding patterns for the last 8 quarters; some insights:
- I looked at just the public shareholding
- There is a steady decrease both in the number of “small” shareholders (from ~16K to 12K) and their combined holding; their holding redistributed to “large” shareholders and FPIs
- Large shareholders have increased by 40% in this period (from 15 to 21) and their combined holding has gone up by ~3.2 pp
- Looks like the same three FPIs have been invested and increasing their holding, particularly Ark Global
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