Monday 21 April 2014

FIIs hike stake in Maruti Suzuki during Q4FY14

Foreign Institutional Investors (FIIs) have raised their stake in Maruti Suzuki India, the largest passenger cars maker in India to 22.36% during Q4FY14 from 21.47% as on December 31, 2013.
On the other hand, domestic institutional investors’ (DIIs) shareholding went down to 13.60% at the end of March 2014 quarter from 13.98% as on December 31, 2013. Under DIIs, financial institutions / banks held maximum stake of 7.78%, followed by mutual funds/UTI (5.82% stake). Meanwhile, promoter and promoter group shareholding was unchanged at 56.21% at the end of March 2014 quarter.

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