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The Baseline
26 Nov 2019
Stocks seeing FIIs raise stake: Future Lifestyle Fashion, Mahanagar Gas, IEX

The FII shareholding change screener  tracks stocks that are seeing an increase in FII holding QoQ, with the stocks with substantial changes shown first. Approximately 28 stocks saw FIIs increase their shareholding by more than 2%. Topping this list is Future Lifestyle Fashion, which also has a large percentage of promoter pledges.

This big shift emerged with Blackstone, the world’s biggest private equity firm, investing Rs 1,750 crore in the company through debentures for a 6% stake. Other companies that saw FII stake increase substantially are Indian Energy Exchange, where FIIs raised their stake 6.9%, Lemon Tree Hotels, Mahanagar Gas and Varun Beverages

  

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