Foreign Institutional Investors (FIIs) have reduced shareholding in Cipla. FIIs shareholding decreased 47 bps to 23.32% at the end of March 2014 quarter from 23.79% as on Dec. 31, 2013.
On the other hand, domestic institutional investors' (DIIs) shareholding went up to 11.43% at the end of March 2014 quarter from 10.60% as on Dec. 31, 2013.
Under DIIs, Insurance companies held maximum stake of 6.73%, followed by mutual funds / UTI (4.43% stake) and financial institutions / banks (0.27% stake).
Meanwhile, promoter and promoter group shareholding was unchanged at 36.80% at the end of March 2014 quarter.
