Foreign institutional investors (FIIs) have reduced their shareholding in Shriram City Union Finance, the non-banking financial company, specialized in retail finance to 25.31% at the end of March 2014 quarter from 25.71% as on December 31, 2013.
On the other hand, domestic institutional investors’ (DIIs) shareholding went down to 2.98% at the end of March 2014 quarter from 2.99% as on December 31, 2013. Under DIIs, mutual funds / UTI held maximum stake of 2.82%, followed by financial institutions / banks (0.16% stake).
Meanwhile, promoter and promoter group shareholding went down to 37.56% at the end of March 2014 quarter from 37.57% as on December 31, 2013.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
