FIIs, DIIs reduce stake in Tata Motors

Foreign institutional investors (FIIs) have reduced shareholding in Tata Motors to 27.52% at the end of March 2014 quarter from 28% as on December 31, 2013. Moreover, domestic institutional investors (DIIs) have also reduced shareholding in the company to 9.37% at the end of March 2014 quarter from 9.56% as on December 31, 2013. Meanwhile, promoter and promoter group shareholding in the company was unchanged at 34.33% at the end of March 2014 quarter. Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.