FIIs raise stake in HDFC to record-high of 78%

Overseas investors have raised their stake to record highs of 78 per cent in mortgage giant HDFC during the quarter ended September 2014, said the media report. The mortgage financier has also become the first listed Indian company among 30 Sensex firms to have over 75 per cent shareholding by foreign institutional investors (FIIs).

FIIs raise stake in HDFC to record-high of 78%
Cumulative FII holdings in the company rose to 77.85 per cent in the July-September quarter this year from 73.09 per cent in three months ended September last year, according to data from stock exchanges.

In the April-June quarter of 2014, FIIs' holding in HDFC stood at 77.36 per cent. Besides, the overall holding of institutional investors also rose to 88.17 per cent during July-September period of this year from 88.01 per cent at the end of June 30, 2014, mostly on account of additional share purchases by FIIs.

The domestic institutional holdings stood at 10.32 per cent as on September 30, 2014, down from 10.65 per cent in April-June quarter of 2014.

Read more about: hdfc, fiis
Story first published: Wednesday, November 5, 2014, 9:20 [IST]
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