State Bank of India filed its shareholding pattern data with the exchanges on July 8.
What Happened: As per the filing, the public bank saw India’s biggest insurer, LIC up its stake during the April-June quarter. As per the data, LIC owned 78.83 crore shares or an 8.93% stake in the company at the end of March. Now LIC owns 79.96 crore shares or a 9.06% stake in India’s biggest lender.
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Foreign Institutional Investors also raised their stake in the bank marginally during the June quarter. As per the latest data, 1,064 foreign portfolio investors own a total of 98.49 crore shares or an 11.16% stake in the public lender. This is an increase from the around 97 crore shares or 11.09% stake they held at the end of the March quarter.
However, the Government of Singapore, which has been holding an over 1% stake in SBI, since 2019 did not appear in the latest released filing.
Mutual Funds, on the other hand, trimmed stake in the bank. From 11.61% at the end of the March quarter, it now stands at 11.12%. Nippon, SBI and HDFC mutual funds hold around 5.59% stake in the lender.
Price Action: SBI’s share price was down 0.24% to trade at ₹857.65 on Monday afternoon.
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