FIIs hike stake in Reliance to record 27.2%

FIIs hike stake  in Reliance to record 27.2%

New Delhi, October 22

Foreign investor holding in billionaire Mukesh Ambani-led Reliance Industries (RIL) has increased to a record high of 27.2% in the quarter ended September 30, according to a regulatory filing by the company.

RIL on Thursday filed a statement showing the shareholding pattern for the quarter ended September 30. The statement showed foreign portfolio investors holding 165.8 crore shares or 25.2% of the total shareholding. In the previous quarter ended June 30, foreign investors held 163.07 crore shares or 24.72%.

Besides, qualified institutional buyers (QIBs) held another 2.05% stake at the end of September 30, 2020, taking the total to 27.2%. In an investor note, JP Morgan said, “FII ownership of RIL hit new highs and stood at 27.2%, up 60 bps quarter-on-quarter.” — PTI

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