By reducing their stakes in the companies they founded or manage, insiders are creating space for local and foreign institutional investors to amass the kind of sizable positions they have long been unable to build. Nearly half of all publicly traded shares have been squirreled away by insiders, at a time when investors have begun to view India as a rare source of rapid growth in the global economy.
The gap between FII and DII holding narrowed to an all-time low in this quarter with DII holding now being just 13.11% lower than FII holding, shows PRIME Database.
During this period, benchmark indices hit lifetime highs in December 2022, then plunged to 52-week lows in March, and scaled back to record highs in September.