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FII ownership of firms up at 20%

Sharp flows come amid supportive liquidity action from US Federal Reserve and other central banks to boost economy

Samie Modak  |  Mumbai 

Foreign investors’ ownership in domestically listed companies increased for a second straight quarter in June. Their shareholding had been on the decline in the preceding three quarters.

Foreign institutional investor (FII) shareholding in NSE-listed companies increased to 20.09 per cent in the June quarter from 19.87 per cent at the end of the March quarter, data compiled by Prime Database show. The increase in FII ownership comes on the back of robust investments of nearly Rs 14,700 crore in the stock markets. The value of their holdings increased nearly 10 per cent to Rs 20 lakh ...

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First Published: Tue, August 16 2016. 22:50 IST
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