Foreign Institutional Investors (FIIs) have raised shareholding in Apollo Tyres, one of the leading tyre manufacturers in India.
FIIs shareholding increased 556 basis points to 34.50% at the end of March 2014 quarter from 28.94% as on Dec. 31, 2013.
On the other hand, domestic institutional investors' (DIIs) shareholding went down to 7.86% at the end of March 2014 quarter from 9.21% as on Dec. 31, 2013.
Under DIIs, mutual funds / UTI held maximum stake of 4.05%, followed by Central Government / State Government(s) (1.98% stake), insurance companies (0.33% stake), Financial Institutions / Banks (0.05 stake) and any other (1.47% stake).
Meanwhile, promoter and promoter group shareholding was unchanged at 43.50% at the end of March 2014 quarter.
