Promoter holding in Nifty 50 firms falls to 40%
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Promoter ownership in Nifty 50 companies fell to 40 per cent in the September quarter.
- ✓This drop hit a 23-year low, even as holdings across the broader listed market rose to 50.4 per cent.
- ✓The NSE said, “The increase in promoter ownership was driven by higher holdings of private Indian promoters.”
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Promoter ownership in Nifty 50 companies fell to 40 per cent in the September quarter, returning to a 23-year low touched a year earlier, even as promoter holdings across the broader listed market rose to a seven-quarter high of 50.4 per cent.
Promoter shareholding in Nifty 50 companies declined by 37 basis points from June, falling for the second consecutive quarter, according to the National Stock Exchange’s (NSE) latest India Inc ownership tracker report. In value terms, their holdings dropped 5.6 per cent to ₹73.2 lakh crore, compared with a 4.7 per cent decline in the index's overall market capitalisation.
The decline was seen across all three promoter categories, including private Indian, government and foreign promoters.
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