Indian Railway Finance Corporation (IRFC) filed its latest shareholding data with the exchanges over the weekend.

What Happened: Mutual funds shed their stake in the public sector stock during the quarter. Mutual fund holdings in the stock currently stand at 0.15%, down from the 0.55% reported at the end of June.

Foreign institutional investors also marginally lowered their stake in the railway financier. FIIs currently hold a 1.09% stake in the company, down from the 1.11% stake they held at the end of June.

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The stake of retail investors, on the other hand, went up during the quarter. Retail investors own 9.62% of the company, up from the 9.35% they held at the end of June. Around 54.53 lakh investors are invested in the railway company.

Earlier in the month, the company’s board sanctioned the financing of 20 bogie open bottom rapid rakes procured under the general-purpose wagon investment scheme (GPWIS) of the Ministry of Railways to NTPC for an amount up to ₹700 crore under a finance lease.

Price Action: IRFC’s share price was down 0.87% to trade at ₹146.39 shortly after market open on Monday.

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