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%.
Denne historien er fra December 30, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra December 30, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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