Mutual funds owning FT stock are largely from the Reliance and Birla stable, it seems. Going purely from the shareholding on Jun 30 (the last we have) the shares they own are as follows, aggregated by AMC. Note that all of these are shares held on behalf of mutual fund holders. In Bulk trades yesterday a few of the top shareholders exited their stake. Remember, anyone trading more than 0.5% of the days volume will get reported as bulk trades. Looking at the NSE and BSE together it seems that Birla and Reliance have exited part of their portfolio. (If the others were to exit, they would be too small to be reported in bulk trades, so it’s likely that they’ve exited as well) Amal Parikh is probably related to the guys at Pivotal Securities, a firm that owns a large stake in FT. Note that Birla sold at Rs. 271, which Reliance sold (in both BSE and NSE) at about 212. (Current prices are around Rs. 150) Every single mutual fund scheme has a different account, and many funds have very tiny holdings, so their sales will also be invisible right now. I’m saying that because you shouldn’t rush …
[via Capital Mind]
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