Maruti Udyog Ltd shareholding pattern shows that only one entity, barring the promoters, has more than one per cent stake in the company.
And foreign institutional investors hold three times what's in the hands of domestic institutions. The nation's top carmaker released shareholding data for the first time after it went public in June 2003.
S Ravi Aiyar, company secretary, told Business Standard that Janus Overseas Fund, a foreign institutional investor, has 30 lakh (3 million) shares, representing one per cent stake.
All other institutions, including the domestic majors like Life Insurance Corporation and mutual funds, held less than that as on September 30. The shareholding pattern indicated foreign institutions held 13.70 per cent in the company, while domestic institutional holding was at 4.76 per cent at the end of the second quarter.
Maruti has an investor base of 157,000 shareholders.
Interestingly, Reliance Industries, with 30 lakh shareholders, has five institutional investors -- LIC, UTI, Emerging Markets Growth Inc, Janus Worldwide Fund, Capital International Emerging Markets Fund -- with more than one per cent stake in the company.
Analysts said, most of these institutions were also present in Maruti but their holding was less than one per cent.
"Maruti in its recent debut in the stock market allotted shares to investors in a manner which ensured a broadbased shareholding", they said.