Tata Motors posted its latest shareholding data with the exchanges late on Wednesday.

What Happened: Mutual funds pumped money into the auto giant in September. As of September 30, mutual fund holding in the stock stood at 10.58% compared with the 8.04% shareholding on September 1. Mutual funds bought a net 9.36 crore shares of the Tata Group in the 30 days.

HDFC Top 100 Fund and ICICI Prudential Value Discovery Fund entered the stock during the quarter. The former owns a 1.10% stake, while the latter holds a 1.31% stake in the auto manufacturer.

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Foreign institutional investors also bought Tata Motors shares last month. FII holding in the company went up to 20.55% from 18.13% on September 1. FIIs bought a net 8.89 crore-plus shares of the company in September.

The number of retail investors also crossed the 50 lakh mark in September. As of September 30, over 56 lakh retail investors hold a 14.73% stake in the automobile behemoth.

On the other hand, India’s biggest insurer, LIC, sold off company shares in September. It currently holds a 2.54% stake in the company, down from the 2.58% reported on September 1.

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