NHPC Sees FII, LIC Holdings Jump In June Quarter, Mutual Funds Trim Stake
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NHPC filed its latest shareholding pattern data with the exchanges.

What Happened: As per the filing, India’s biggest insurer, LIC raised its stake in the hydropower major during the April-June period. At the end of June 2024, LIC held 38.55 crore shares or a 3.84% stake in the company compared to the 3.25% stake the insurance giant held at the end of March 2024.

Foreign institutional investor also raised their bets on the PSU. As of June 30, 2024, foreign portfolio investors own a total of 90.06 crore shares or an 8.97% stake in the company. This is a significant increase from the 6.80% stake they held at the end of March 2024.

See Also: Adani Group JV Acquires Majority Stake In Deep Tech Startup To Expand Data Center And Cloud Offerings

Mutual Funds, on the other hand, cut their stake in the company. Their holding is now down to 4.36% compared to the 6.02% reported at the end of March 2024.

Last month, the power company signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 200-megawatt Solar Power Project.

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