Who are the top shareholders of the REC Ltd?
The top shareholders of REC Ltd include Power Finance Corporation Ltd with 52.63%, Foreign Institutional Investors at 20.48%, mutual funds holding 8.85%, individual investors at 9.94%, and Nippon Life India Trustee Ltd with 1.38%. There are no pledged promoter holdings.
The top shareholders of REC Ltd include the following:1. **Power Finance Corporation Ltd** - This entity holds the largest stake among promoters, with a significant ownership of 52.63%.
2. **Foreign Institutional Investors (FIIs)** - They collectively hold 20.48% of the company's shares, represented by 824 different FIIs.
3. **Mutual Funds** - A total of 40 mutual fund schemes hold 8.85% of the shares.
4. **Individual Investors** - They account for 9.94% of the shareholding.
5. **Highest Public Shareholder** - Nippon Life India Trustee Ltd, acting on behalf of Nippon India Growth Fund, holds 1.38%.
There are no pledged promoter holdings, indicating a strong position among the major shareholders.
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