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FIIs cut stake in Shriram City Union Finance during March quarter
Source: IRIS | 17 Apr, 2014, 11.53AM
Rating: NAN / 5 stars.
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Foreign institutional investors (FIIs) have reduced shareholding in all prices in Shriram City Union Finance, the non-banking financial company, specialized in retail finance.

FIIs shareholding decreased 40 basis points to 25.31% at the end of March 2014 quarter from 25.71% as on Dec. 31, 2013.

On the other hand, domestic institutional investors' (DIIs) shareholding went down to 2.98% at the end of March 2014 quarter from 2.99% as on Dec. 31, 2013.

Under DIIs, mutual funds / UTI held maximum stake of 2.82%, followed by financial institutions / banks (0.16% stake).

Meanwhile, promoter and promoter group shareholding went down to 37.56% at the end of March 2014 quarter from 37.57% as on Dec. 31, 2013.

Shares of the company gained Rs 3.25, or 0.27%, to trade at Rs 1,206.20. The total volume of shares traded was 1 at the BSE (11.46 a.m., Thursday).

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