New Delhi: Overseas investors have lowered their exposure to the companies from the two Reliance groups with sale of shares worth an estimated Rs 2,000 crore during the last quarter.
While FIIs (Foreign Institutional Investors) sold shares worth an estimated Rs 1,500 crore in the two listed companies from Mukesh Ambani-led Reliance Industries group, they also pared their stake in at least four companies from Anil Ambani- led Reliance Group during the quarter ended June 30, 2012.
Life Insurance Corp of India (LIC) increased its stake in RIL from 7.09 percent to 7.77 percent, while Government of Singapore hiked its holding from 1.06 percent to 1.22 percent in the three-month period ended June 30, 2012. Full story
