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At 4.62%, FIIs hold second largest slice of R Power pie

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    Reliance Power Ltd (R Power) will make its bourse debut on Monday, February 11. Ahead of listing, foreign institutional investors (FIIs) have emerged as the second biggest category of stakeholders in the RADAG company. R Power had concluded the country’s largest IPO on January 18.

    FIIs hold 4.62 per cent in R Power while the promoters’ holding is at 89.92 per cent. Data filed with the stock exchanges show that FIIs were allotted 10.43 crore shares worth about Rs 4,700 crore in the IPO, while promoters’ holdings stood at 203.2 crore shares.

    Upon listing, the R Power stock would be included in the derivatives segment. An NSE circular said the futures and options contracts on R Power securities would be introduced soon after they open for trading in the cash segment.

    Post-IPO, R Power has 262 mutual fund (MF) shareholders holding about 89.4 lakh shares, representing a 0.4 per cent stake, while the company has 256 FIIs as shareholders. The MF holding is less than a tenth of FIIs’.

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    R Power has 14 promoter-shareholders and 61 shareholders from financial institutions and banks, holding 0.79 per cent stake. Besides this, six venture capital funds have a 0.01 per cent holding and 16 insurance companies account for 0.24 per cent.

    Among the promoters, AAA Project Ventures, promoted by the Anil Ambani family, and Reliance Energy, another group company, hold 44.96 per cent each, while 1,000 shares are in the name of Anil Ambani himself.

    Among individual retail investors, over 41.6 lakh holding nominal share capital up to Rs 1 lakh have a 3.31 per cent stake, while 250 individual shareholders holding shares worth more than Rs 1 lakh have a 0.33 per cent stake.

    With about 42 lakh shareholders, Reliance Power has the largest shareholder-base among those companies listed on the Bombay Stock Exchange.

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