Foreign institutional investors (FIIs) have increased shareholding in Cummins India to 18.42% at the end of March 2014 quarter from 16.95% in December 31, 2013. On the other hand, domestic institutional investors (DIIs) have reduced shareholding in the company to 17.24% at the end of March 2014 quarter from 18.23% as on December 31, 2013. Meanwhile, promoter and promoter group shareholding was unchanged at 51% at the end of March 2014 quarter.
Cummins India is leading manufacturer of diesel and a subsidiary of Cummins Inc USA, the world’s largest independent diesel engine designer and manufacturer of engines above 200 HP.