The decrease of 9.42% in promoter holding during the Q4 FY 2023-24 was mainly due to QIP of Rs.500 crore for the stated reasons and seems it was well accepted by the stakeholders. The reasons for reduction of promoter’s holding in Q1 of FY 2024-25 are yet not disclosed/know, let hope some concrete reasons come out.
The reasons for decrease in shareholding by FII and DII are best known to themselves as they keep coming and going. However, the number of retail shareholders are increasing, can be an indicator.
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