The Hindustan Aeronautics, the Maharatna defence firm, released its shareholding data for the September quarter.
What Happened: Mutual fund holdings in the public sector firm reduced to 5.10% from 5.84% in the previous year. HDFC Trustee company’s shareholding in the stock reduced to 1.32% from 1.57%.
On the other hand, insurance companies’ stake in HAL increased from 2.65% to 2.50%. LIC’s stake in the company went up to 2.24% from 2.03%.
Foreign institutional investor shareholding in the company increased to 11.85% from 11.68%. The number of foreign shareholders invested in the company also increased to 771 from 743.
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The retail investors’ presence has also increased in HAL with 6.88% shareholding in September compared to 6.47% in the previous quarter. The number of retail investors increased to 12.34 lakh from 10.80 lakh.
The shareholding of the government remained unchanged at 71.64%.
HAL recently got the Maharatna status from the government, becoming the 14th public sector firm to get the title. The company can now invest up to ₹5,000 crore in foreign ventures without government approval and invest 15% of its net worth in projects.
Price Action: Shares of HAL were down 0.52% to ₹4,495 on Friday morning.
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