MoneyWorks4Me

FIIs cut stake in PNB in Q4 FY14

21 Apr 2014 Evaluate

Foreign Institutional Investors (FIIs) have reduced their stake in Punjab National Bank (PNB), one of the leading public sector lenders in India to 17.20% at the end of March 2014 quarter from 17.51% as on December 31, 2013.

On the other hand, domestic institutional investors (DIIs) have raised shareholding in the company to 18.66% at the end of March 2014 quarter from 18.51% as on Dec. 31, 2013.

Under DII, insurance companies held maximum stake of 13.54%, followed by mutual funds / UTI (3.34% stake), financial institutions / banks (1.75% stake) and central government / state governments (0.03% stake). Meanwhile, promoter and promoter group shareholding was unchanged at 58.87% at the end of March 2014 quarter.

 

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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