Institutional investors led by domestic mutual funds (MFs) and foreign portfolio investors (FPIs) further reduced their stake in Indian Railway Catering and Tourism Corporation (IRCTC) ahead of stock split.
According to shareholding pattern dated November 5, 2021, filed by IRCTC on Wednesday, November 17, 2021, MFs’ holding in the state-owned travel support services company fell below 1 per cent mark at 0.69 per cent. They reduced their stake in IRCTC by 4.09 percentage points between October 1, 2021 and November 5, 2021. MFs held 4.78 per cent holding at the end of September quarter (Q2) and 7.28 per cent stake at the end of June quarter (Q1), data shows.
