Motilal Oswal Midcap Fund has a stake in Suzlon Energy Ltd. at the end of the June quarter, the wind energy solutions provider’s latest shareholding pattern on the Bombay Stock Exchange.The fund did not have any stake in the company at the end of the March quarter.
Suzlon Energy shareholding pattern as of the June quarter showed a 1.03% stake for Motilal Oswal Mutual Fund.
Mutual Funds now have a 5.24% stake in Suzlon Energy, compared to 4.17% stake they had during the March quarter.Suzlon Energy’s promoters had sold some stake during the quarter as part of a block deal, bringing their stake down to 11.74% from 13.25% earlier.
Suzlon Energy shareholding pattern as of the June quarter showed a 1.03% stake for Motilal Oswal Mutual Fund.
Mutual Funds now have a 5.24% stake in Suzlon Energy, compared to 4.17% stake they had during the March quarter.Suzlon Energy’s promoters had sold some stake during the quarter as part of a block deal, bringing their stake down to 11.74% from 13.25% earlier.
India’s largest Insurance company, Life Insurance Corporation of India (LIC) maintained its stake just above 1% in the company at the end of June as well.
However, the number of retail shareholders who had stake in Suzlon Energy has declined to 55.4 lakh from 56.12 lakh at the end of March. In percentage terms though, the stake has remained constant at 25.03% from 25.12% in March.
Shares of Suzlon Energy ended 1.8% lower on Friday at ₹65.09. The stock has remained flat through the year.
