Share the post "CreditAccess Grameen Ltd. Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
CreditAccess Grameen Ltd. has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 10.61 | 10.61 | 66.66 | 66.58 | -0.08 % |
| Public | 5.31 | 5.33 | 5.55 | 6.01 | +0.46 % |
| DII | 2.51 | 2.51 | 15.79 | 15.76 | -0.03 % |
| FII | 1.91 | 1.86 | 12 | 11.65 | -0.35 % |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters’ shareholding decreased from 66.66% in December 2023 to 66.58% in March 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public increased from 5.55% in December 2023 to 6.01% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 15.79% in December 2023 to 15.76% in March 2024 , indicating that domestic institutions reduced their -0.029999999999999 stake in the company.FIIs (Foreign Institutional Investors) shareholding decreased from 12% in December 2023 to 11.65% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| CREDITACCESS INDIA B.V. | 10.611 | 10.611 | 66.66 | 66.58 | -0.08 % |
CREDITACCESS INDIA B.V. faced a downturn in stakeholding this quarter, witnessing a decline of -0.08 % in stakeholding compared to the previous quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Directors and their relatives (excluding independent directors and nominee directors) | 0.020 | 0.024 | 0.13 | 0.15 | + 0.02 % |
| Key Managerial Personnel | 0.002 | 0.005 | 0.01 | 0.03 | + 0.02 % |
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.369 | 0.396 | 2.32 | 2.49 | + 0.17 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.392 | 0.432 | 2.46 | 2.71 | + 0.25 % |
| Any Other (specify) | 0.015 | 0.012 | 0.1 | 0.08 | -0.02 % |
| HUF | 0.012 | 0.012 | 0.08 | 0.07 | -0.01 % |
| Clearing Members | 0.003 | 0.000 | 0.02 | 0 | -0.02 % |
Leading the way to higher stakeholding, Directors and their relatives (excluding independent directors and nominee directors) has significantly boosted stakeholding by an impressive 0.02 %.Leading the way to higher stakeholding, Key Managerial Personnel has significantly boosted stakeholding by an impressive 0.02 %.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.17 %.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.25 %.Observations show a significant difference of -0.02 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.01 % in HUF’s financial performance between quarters.Observations show a significant difference of -0.02 % in Clearing Members’s financial performance between quarters.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 2.210 | 2.228 | 13.89 | 13.98 | + 0.09 % |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND | 0.391 | 0.366 | 2.45 | 2.29 | -0.16 % |
| PGIM INDIA TRUSTEES PRIVATE LIMITED A/C PGIM INDIAMID CAP OPPORTUNITIES FUND | 0 | 0.181 | 0 | 1.14 | +1.14% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND | 0.543 | 0.437 | 3.41 | 2.74 | -0.67 % |
| CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO EMERGING EQUITIES | 0.473 | 0.541 | 2.97 | 3.4 | + 0.43 % |
| Alternate Investment Funds | 0.033 | 0.047 | 0.2 | 0.3 | + 0.1 % |
| Insurance Companies | 0.270 | 0.236 | 1.7 | 1.48 | -0.22 % |
| PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA | 0.167 | 0 | 1.05 | 0 | -1.05% |
The latest quarter saw a considerable enhancement in stakeholding for Mutual Funds/, reflecting an uptick of 0.09 % in their shares.AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND decreased their stake from 2.29% in the previous quarter to 2.45% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.16 %.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND decreased their stake from 2.74% in the previous quarter to 3.41% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.67 %.The latest quarter saw a considerable enhancement in stakeholding for CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO EMERGING EQUITIES, reflecting an uptick of 0.43 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for Alternate Investment Funds, reflecting an uptick of 0.1 % in their shares.Insurance Companies decreased their stake from 1.48% in the previous quarter to 1.7% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.22 %.PGIM INDIA TRUSTEES PRIVATE LIMITED A/C PGIM INDIAMID CAP OPPORTUNITIES FUND had no shares in the previous quarter but now holds 1.14% of shares in the current quarter.PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA had 1.05% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 1.701 | 1.665 | 10.69 | 10.44 | -0.25 % |
| GOVERNMENT PENSION FUND GLOBAL | 0.173 | 0.160 | 1.08 | 1.01 | -0.07 % |
| Foreign Portfolio Investors Category II | 0.208 | 0.193 | 1.31 | 1.21 | -0.1 % |
| T. ROWE PRICE INTERNATIONAL DISCOVERY FUND | 0.168 | 0 | 1.06 | 0 | -1.06% |
Stakeholding dwindled by -0.25 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.Stakeholding dwindled by -0.07 % for GOVERNMENT PENSION FUND GLOBAL in comparison to the preceding quarter.Stakeholding dwindled by -0.1 % for Foreign Portfolio Investors Category II in comparison to the preceding quarter.T. ROWE PRICE INTERNATIONAL DISCOVERY FUND had 1.06% of shares in the previous quarter but exited in the current quarter.
