Street Signs: Marquee foreign funds stack up on Reliance Industries

Overall FPIs' holding in RIL jumped from 15.88% to 20.05% in three months to March

Pavan Burugula Samie Modak & Shrimi Choudhary  |  Mumbai 

Marquee foreign funds stack up on Reliance Industries Major foreign funds, including Euro Pacific and Government of Singapore have upped their stake in Reliance Industries during the March quarter, when the stock rallied 22 per cent. Overall foreign portfolio investors’ holding in the country’s most valuable company jumped from 15.88 per cent to 20.05 per cent in three months to March. Interestingly, Life Insurance Corporation, known to be a contrarian investor, pared its holding in the company by 70 basis points.    Pavan ...

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Street Signs: Marquee foreign funds stack up on Reliance Industries

Overall FPIs' holding in RIL jumped from 15.88% to 20.05% in three months to March

Overall FPIs' holding in RIL jumped from 15.88% to 20.05% in three months to March Marquee foreign funds stack up on Reliance Industries Major foreign funds, including Euro Pacific and Government of Singapore have upped their stake in Reliance Industries during the March quarter, when the stock rallied 22 per cent. Overall foreign portfolio investors’ holding in the country’s most valuable company jumped from 15.88 per cent to 20.05 per cent in three months to March. Interestingly, Life Insurance Corporation, known to be a contrarian investor, pared its holding in the company by 70 basis points.    Pavan ... image
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