FIIs reduce stake in ONGC during September quarter

Foreign institutional investors (FIIs) have reduced their shareholding in Oil & Natural Gas Corporation (ONGC) to 6.43% at the end of September 2015 quarter from 7.23% as on Jun 30, 2015. However, domestic institutional investors (DIIs) have increased their shareholding in the company to 11.05% at the end of September 2015 quarter from 10.43% as on Jun 30, 2015. Non Institutions were holding 13.59% stake at the end of September 2015 quarter, up 18 basis points from 13.41% as on Jun 30, 2015.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company.