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FII holding in Gujarat cos up 181% in a year

DNAHM85471 | 5/12/2015 | Author : dna correspondent | WC :379

Axis Bank (46.64%), UPL (46.29%), Sintex (28.21%), AIA Engineeringg (24.25%) among cos having highest foreign institutional investor holding
From `0.99 L cr in FY 2014, value of FII holding in NSE-listed Gujarat companies rose to `2.78 L cr at the end of March 2015
Ahmedabad: Foreign institutional investor (FII) holding in Gujarat-based companies has skyrocketed in the last year. Data shows that FIIs have nearly tripled their holding in NSE-listed companies based out of Gujarat in the past 12 months. As against this, value of FII holdings in all NSE-listed companies jumped by a 'mere' 56% over the same period.
According to www.nseinfobase.com, developed and powered by Prime Database, the total value of FII holding in Gujarat based NSE-listed companies hit a 6-year high at the end of March 2015 at Rs2.78 lakh crore.
"The value of FII holding in these companies rose from Rs0.99 lakh crore at the end of March 2014 to Rs2.78 lakh crore in March 2015, showing a growth of 181%,alt1
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