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List of top Companies with Zero Promoter Holding in India: A high holding on promoters is generally considered a good symbol as it shows the confidence of the founders in their own company.
You might be aware of companies like WIPRO, where Ajim Premji Group holds a 73% stake in the company or Avenue Supermart where RK Damani and other promoters hold a 74.99% stake in the company. This high percentage of shareholding acts as additional confidence towards the company, apart from their excellent business model and strong balance sheet.
However, there is a lot of big and popular company in India where the promoters hold zero percentage. Yes, these companies have zero stakes with no promoter and are owned or managed by professionals. Today, we take a look at the top Companies with Zero Promoter Holding in India. Keep reading.
Top Companies with Zero Promoter Holding in India!
Here is the list of top Companies with Zero Promoter Holding in India and their shareholding pattern distribution among PUBLIC, FII (Foreign Institutional Investors), and DII (Domestic Institutional Investors):
1) ITC
ITC ltd stock is a large-cap stock in the Cigarette/Tobacco and FMCG sector in India with a market cap of Rs 370,249 Cr.
According to the latest shareholding pattern of ITC of June 2022, Public owns 44.50% stake in this company, FII owns 12.68%, and the remaining 42.82% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
2) Yes Bank
Yes Bank Stock is a large-cap stock in the Private Banking Sector in India with a market cap of over Rs 35,802 Cr. Kapoor, with his brother-in-law Ashok Kapur and others, set up Yes Bank in 2003, holding 26 percent in the bank. All the promoters have currently exited the stocks of Yes Bank.
According to the latest shareholding pattern of Yes Bank of June 2022, Public owns 44.70% stake in this company, FII owns 11.37%, and the remaining 43.93% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
3) ICICI Bank
ICICI Bank stock is a large-cap stock in the Private Banking sector in India with a market cap of Rs 547,067 Cr
According to the latest shareholding pattern of ICICI Bank of June 2022, Government owns 0.23% stake in this company, Public owns a 10.89%, FII owns 43.54%, and the remaining 45.33% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
4) Larsen & Toubro Ltd (L&T)
Larsen & Toubro Ltd (L&T) Stock is a large-cap stock in the Construction/ Engineering sector in India with a market cap of Rs 248,030 Cr. It was founded by two Danish engineers taking refuge in India in 1938.
According to the latest shareholding pattern of L&T of June 2022, Public owns 44.07% stake in this company, FII owns 21.09%, Government owns 0.23% and the remaining 34.61% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
5) IDFC Ltd
Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a finance company based in India. IDFC Ltd Stock is a midcap stock in the NBFC Finance sector in India with a market cap of Rs 8,717 Cr
According to the latest shareholding pattern of IDFC Ltd of June 2022, Public owns a 50.55% stake in this company, Government owns 16.37%, FII owns 20.58%, and the remaining 12.49% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
6) Ujjivan Financial Services Ltd
Ujjivan Financial Services Ltd stock is a smallcap stock in the Finance term lending sector in India with a market cap of over Rs 1,898 Cr.
According to the latest shareholding pattern of Ujjivan of June 2022, Public owns 58.62% stake in this company, FII owns 30.71%, and the remaining 10.67% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
7) Federal Bank
The Federal Bank Stock is a midcap stock in the Private Banking sector in India with a market cap of Rs 22,562 Cr.
According to the latest shareholding pattern of Federal Bank of June 2022, Public owns 30.74% stake in this company, FII owns 26.01%, and the remaining 43.25% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
8) UTI Asset Management Company Ltd
UTI AMC Stock is a midcap stock in the Asset Management and finance sector in India with a market cap of Rs 8,778 Cr.
According to the latest shareholding pattern of UTI AMC of June 2022, Public owns an 10.25% stake in this company, FII owns 6.49%, and the remaining 83.26% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.
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That’s all for this list of top Companies with Zero Promoter Holding in India. I hope it was useful to you.
Further, you can look into the Nifty MNC companies list to find the list of other popular Indian companies where foreign shareholding is greater than 50% and where the management control is vested in the foreign company.
Kritesh (Tweet here) is the Founder & CEO of Trade Brains & FinGrad. He is an NSE Certified Equity Fundamental Analyst with +7 Years of Experience in Share Market Investing. Kritesh frequently writes about Share Market Investing and IPOs and publishes his personal insights on the market.
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Image and article originally from tradebrains.in. Read the original article here.