Ownership trends in corporate India 2001 – 2011 evidence and implications
Abstract
The first decade of the new millennium saw dramatic changes in the ownership patterns in
major listed corporations in India. Two developments were striking: promoters especially in
the domestic private sector bolstered up their holdings to assure continued entrenchment; and
institutional investors significantly increased their holdings especially in the private sector
management controlled companies segment. In both cases, these increases were achieved at
the cost of retail non-institutional shareholders whose holdings correspondingly recorded a
steep fall. This paper documents this evidence, seeks to identify their underlying rationale
and assess their implications for corporate equity investment and governance in the country.
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