FII interest in Indian markets continues to hold
New Delhi: Even though March has been a bad month for other emerging markets, the FIIs continued to be net buyers worth $1960 million in the Indian markets. They turned out to be net sellers of $1460 million in Korea, $40 million in Philippines, nearly $30 million in Taiwan and a little over $15 million in Thailand.

The average FII holding in Sensex companies has gone up to about 20 per cent in the third quarter of FY 2004-05 from 19 per cent in the quarter before that. The number of Sensex companies where FIIs have between 20 to 30 per cent shares has also gone up, as have companies where FII's hold more than 40 per cent stakes.
Back to News Review index page  

Fidelity ups holdings in UTV Software to 9.99 per cent
Mumbai: UTV has informed the NSE that the Fidelity Group bought 9.23 per cent equity stake in UTV Software Communications through open market purchase on March 17, the day UTV shares made their debut, and that with this purchase, Fidelity's holding is now at 9.99 per cent.

Various Fidelity Group companies acquired 18,00,000 equity shares aggregating 9.23 per cent of the paid-up capital of UTV.
The UTV shares ended at Rs142.30 on the NSE, up Rs1.15 from the previous close.
Back to News Review index page