FIIs decrease stake in Ashok Leyland in Q2FY16

Foreign institutional investors (FIIs) have decreased their stake in Ashok Leyland by 18 basis points to 20.21% in Q2FY16 as compared to 20.39% in previous quarter. However, domestic institutional investors (DIIs) have raised their holding in the company by 30 basis points to 12.36% at the end of September 2015 quarter from 12.06% as on June 30, 2015.

Non Institutions were holding 16.23% stake at the end of September 2015 quarter, down 12 basis points from 16.35% as on June 30, 2015, while the Corporate bodies were holding 4.32% stake at the end of September 2015 quarter, down 38 basis points from 4.7% as on June 30, 2015. Further, the company’s promoters’ shareholding was unchanged at 38.82% at the end of September 2015.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.