The ownership structure of a company can be significantly impacted by changes in promoter holdings, which can signal shifts in business outlook, strategic realignments, or capital-raising efforts. The 2024 December quarter saw some notable declines in promoter holdings, indicating potential changes in ownership structures. To identify the top 10 companies where promoters have offloaded their stakes the most, Kotak Institutional Equities analyzed the data and presents the following list:
1. Radico Khitive (down 12.33%)
2. Brigade Enterprises (down 11.64%)
3. Aster India (down 10.86%)
4. Jain Irrigation Systems (down 10.58%)
5. Precision Warehousing (down 10.36%)
6. Manappuram Finance (down 9.72%)
7. TM International (down 9.41%)
8. HDIL (down 9.18%)
9. Praj Industries (down 8.82%)
10. Alok Industries (down 8.54%)
These top 10 companies show a collective decline in promoter holdings of 94.53%, according to data from Kotak Institutional Equities. This is a significant change, indicating potential adjustments in their respective business outlooks and ownership structures. Further analysis and research can be conducted to better understand the underlying reasons for these changes and how they may impact the companies in the short and long term.