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Welspun Corp has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q1-Jun 2024-2024).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 | 13.12 | 13.12 | 50.14 | 50.03 | -0.11 % |
| Public | 13.04 | 13.10 | 21.56 | 23.57 | +2.01 % |
| DII | 4.60 | 4.16 | 17.57 | 15.86 | -1.71 % |
| FII | 2.80 | 2.76 | 10.7 | 10.51 | -0.19 % |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters’ shareholding decreased from 50.14% in March 2024 to 50.03% in June 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 21.56% in March 2024 to 23.57% in June 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 17.57% in March 2024 to 15.86% in June 2024 , indicating that domestic institutions reduced their -1.71 stake in the company.FIIs (Foreign Institutional Investors) shareholding decreased from 10.7% in March 2024 to 10.51% in June 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from March 2024 to June 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
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 (%) |
|---|---|---|---|---|---|
| Balkrishan Goenka, trustee of Welspun Group Master Trust | 11.751 | 11.751 | 44.91 | 44.81 | -0.1 % |
Balkrishan Goenka, trustee of Welspun Group Master Trust faced a downturn in stakeholding this quarter, witnessing a decline of -0.1 % 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 (%) |
|---|---|---|---|---|---|
| Key Managerial Personnel | 0.001 | 0.054 | 0 | 0.2 | + 0.2 % |
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 2.280 | 2.464 | 8.71 | 9.4 | + 0.69 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 1.623 | 1.643 | 6.2 | 6.27 | + 0.07 % |
| Non Resident Indians (NRIs) | 0.228 | 0.253 | 0.87 | 0.96 | + 0.09 % |
| Bodies Corporate | 1.156 | 1.391 | 4.42 | 5.3 | + 0.88 % |
| Any Other (specify) | 0.329 | 0.351 | 1.26 | 1.34 | + 0.08 % |
| LLP | 0.103 | 0.108 | 0.39 | 0.41 | + 0.02 % |
| HUF | 0.225 | 0.242 | 0.86 | 0.92 | + 0.06 % |
Leading the way to higher stakeholding, Key Managerial Personnel has significantly boosted stakeholding by an impressive 0.2 %.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.69 %.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 0.07 %.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.09 %.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.88 %.Leading the way to higher stakeholding, Any Other (specify) has significantly boosted stakeholding by an impressive 0.08 %.Leading the way to higher stakeholding, LLP has significantly boosted stakeholding by an impressive 0.02 %.Leading the way to higher stakeholding, HUF has significantly boosted stakeholding by an impressive 0.06 %.
| 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/ | 1.663 | 1.453 | 6.35 | 5.54 | -0.81 % |
| Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Pure Value Fund | 0.462 | 0.631 | 1.77 | 2.41 | + 0.64 % |
| DSP Small Cap Fund | 0.613 | 0.746 | 2.34 | 2.84 | + 0.5 % |
| Alternate Investment Funds | 0.404 | 0.032 | 1.55 | 0.12 | -1.43 % |
| Insurance Companies | 1.070 | 1.071 | 4.09 | 4.08 | -0.01 % |
| Life Insurance Corporation Of India | 1.068 | 1.068 | 4.08 | 4.07 | -0.01 % |
| NBFCs registered with RBI | 1.461 | 1.603 | 5.58 | 6.11 | + 0.53 % |
| Authum Investment And Infrastructure Limited | 1.461 | 1.602 | 5.58 | 6.11 | + 0.53 % |
| Motilal Oswal Long Term Equity Fund | 0.331 | 0 | 1.27 | 0 | -1.27% |
Mutual Funds/ decreased their stake from 5.54% in the previous quarter to 6.35% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.81 %.The latest quarter saw a considerable enhancement in stakeholding for Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Pure Value Fund, reflecting an uptick of 0.64 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for DSP Small Cap Fund, reflecting an uptick of 0.5 % in their shares.Alternate Investment Funds decreased their stake from 0.12% in the previous quarter to 1.55% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -1.43 %.Insurance Companies decreased their stake from 4.08% in the previous quarter to 4.09% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.Life Insurance Corporation Of India decreased their stake from 4.07% in the previous quarter to 4.08% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.The latest quarter saw a considerable enhancement in stakeholding for NBFCs registered with RBI, reflecting an uptick of 0.53 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for Authum Investment And Infrastructure Limited, reflecting an uptick of 0.53 % in their shares.Motilal Oswal Long Term Equity Fund had 1.27% 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 | 2.645 | 2.547 | 10.11 | 9.71 | -0.4 % |
| Foreign Portfolio Investors Category II | 0.156 | 0.210 | 0.59 | 0.8 | + 0.21 % |
| Abu Dhabi Investment Authority – Monsoon | 0.318 | 0 | 1.22 | 0 | -1.22% |
Stakeholding dwindled by -0.4 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.21 % .Abu Dhabi Investment Authority – Monsoon had 1.22% of shares in the previous quarter but exited in the current quarter.
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