In the wake of the Satyam fiasco, investors have begun to be concerned about promoter holdings. We looked at the change in the holdings between 31 Dec 2007 and 31 Dec 2008 of 252 companies from the BSE 500 universe.
Of the 19 large-cap companies with an average market cap of Rs 72,136 crore, most had insignificant change in promoter holdings with 10 registering no change.
Of the 33 mid-cap companies with an average market cap of Rs 9,999 crore, an almost equal number of firms increased and decreased the stakes.
Of the 200 companies with an average market cap of Rs 1,330 crore, 40% promoters reduced their stakes, while 33% retained their holdings.
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