Titan reported its latest shareholding data with the exchanges on Thursday afternoon.

What Happened: Mutual funds raised their holding in the Tata Group company during the September quarter to 6.20%, compared with 5.63% held at the end of June.

India’s biggest insurer also raised its stake in the jewellery giant. LIC currently holds a 2.28% stake in the company, compared to the 2.17% stake it held at the end of the previous quarter.

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Foreign institutional investors marginally raised their stake in the company in the quarter. FIIs now hold an 18.22% stake compared with the 18.20% stake they held at the end of June.

Rekha Jhunjhunwala, on the other hand, reduced her stake in the company during the July-September period. She held around 4.73 crore shares of the company at the end of the June quarter, which has now come down to 4.57 crore shares of the company. Her 5.14% stake in the company is now valued at around ₹15,560 crore.

Price Action: Titan’s share price was down 1.94% to trade at ₹3,403.75 on Thursday afternoon.

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