Foreign institutional investors (FIIs) have raised shareholding in Tata Global Beverages, a non-alcoholic beverages company.
FIIs' shareholding went up to 21.57% at the end of March 2014 quarter from 21.23% as on Dec. 31, 2013.
On the other hand, domestic institutional investors (DIIs) have reduced shareholding in the company to 14.14% at the end of March 2014 quarter from 15.48% as on Dec. 31, 2013.
Under DII, financial institutions / banks held maximum stake of 9.45%, followed by mutual funds / UTI (2.40% stake), insurance companies (2.08% stake) and central government / state governments (0.21% stake).
Meanwhile, promoter and promoter group shareholding was unchanged at 35.10% at the end of March 2014 quarter.