Promoters pick up ₹1.5 lakh cr through share sales in 2024
Financial Express Mumbai|December 30, 2024
Proceeds highest in at least five years
KISHOR KADAM

INDIA'S PROMOTERS HAVE sold shares worth ₹1.5 lakh crore in 2024 so far, the highest in at least five years, cashing in on a rallying stock market and frenzy in the primary market.

The cash realised by promoters in 2024 of ₹1.49 lakh crore, data from Prime Database reveals, was higher than the value of ₹1.26 lakh crore realised in the previous year.

The shareholding of private Indian promoters, as a share of the total market capitalisation of firms listed on the National Stock Exchange, stood at 32.8% at the end of September. This compares with 36.4% in December 2021.

The share of foreign portfolio investors too has fallen from 19.7% to 17.7% over this period. However, the share of active domestic mutual funds has gone up from 6.10% to 7.7%, while for passive domestic mutual funds the share has risen from 1.3% to 1.8%. The share of retail investors has remained more or less flat at 9.6%.

هذه القصة مأخوذة من طبعة December 30, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 30, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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