NHPC Sees FII, LIC Holdings Jump In June Quarter, Mutual Funds Trim Stake

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.

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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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