FIIs Hike Stake in Bank of Baroda
OREANDA-NEWS. Foreign institutional investors (FIIs) have raised shareholding in Bank Of Baroda. FIIs shareholding increased 133 basis points to 16.95% at the end of June 2014 quarter from 15.62% as on Mar. 31, 2014.
On the other hand, domestic institutional investors' (DIIs) shareholding went down to 17.68% at the end of June 2014 quarter from 18.58% as on Mar. 31, 2014.
Under DIIs, insurance companies held maximum stake of 10.07% while mutual funds / UTI held 6.32% stake, financial institutions / banks (1.29% stake).
Meanwhile, promoter and promoter group shareholding was unchanged at 56.26% at the end of June 2014 quarter.
Shares of the company declined Rs 10.5, or 1.26%, to trade at Rs 825.80. The total volume of shares traded was 73,805 at the BSE (1.56 p.m., Tuesday).
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