New Delhi: A total of 191 foreign investors have exited Reliance Industries (RIL) in the past two financial years, while companies like ITC, Sun Pharma and Tata Consultancy Services (TCS) saw a larger number of overseas shareholders coming in.
However, the overall stake of foreign investors increased marginally in the energy giant to 17.76 percent from 17.7 percent during the period.
Infosys, Tata Steel and Hindalco have also seen a significant level of FII exit in the past two fiscal years.
The number of FII shareholders in RIL fell from a record 1,276 at the end of March 2011 to 1,085 as of March 31, 2013, according to latest information available with stock exchanges.
Overall, RIL continued to top the list of stocks with the maximum number of FII shareholders. The energy giant is closely followed by private sector lender ICICI Bank (1,064), and mortgage lender HDFC (1,061).
Broadly, the entry and exit of FIIs impact a company's stock prices as they indicate foreign investor interest in the company.
Of the 30 blue-chip Sensex stocks, only eight have seen a decline in the number of FII shareholders in the past two fiscal years.
15 of the Sensex companies witnessed an addition of at least 100 new FII shareholders during the period.
Technology giant Infosys saw 189 FIIs exiting, and the number of FII shareholders fell to 800 at the end of March 31, 2013.
The number of overseas shareholders in Tata Steel fell by 172 to 511 at the end of March 31, 2013, while the number decreased by 165 to 417 in Hindalco, and by 89 to 372 in Sterlite Industries.
On the other hand, ITC saw an addition of 336 FII shareholders over the same two-year period. The aggregate number of shareholders in the FMCG company climbed to 1,008 from 672.
Sun Pharma added 316 FII shareholders to a total of 684, while the number of overseas shareholders in technology firm TCS rose by 243 to 883.
As on April 30, 2013, as many as 1,767 FIIs were registered in the country.