Foreign Institutional Investors (FIIs) have raised shareholding in Bank of Maharashtra, the major public sector bank in India.
FIIs shareholding increased 1 basis point to 0.49% at the end of June 2014 quarter from 0.48% as on Mar. 31, 2014.
Also, domestic institutional investors' (DIIs) shareholding went up 5 bps to 7.11% at the end of June 2014 quarter from 7.06% as on Mar. 31, 2014.
Under DIIs, insurance companies held maximum stake of 5.84%, followed by financial institutions / banks (1.26% stake) and mutual funds / UTI (0.01% stake).
Meanwhile, promoter and promoter group shareholding was unchanged at 85.21% at the end of June 2014 quarter.
Shares of the company gained Rs 0.90, or 1.73%, to trade at Rs 52.68 at the BSE (12.14 p.m., Monday).