Domestic institutional investors’ stake in Ashok Leyland declined 126 basis points sequentially to 11.10 per cent as on September 30, according to data on the exchanges.
Life Insurance Corp of India, the largest public stakeholder in the company, cut its stake during the quarter by 96 bps to 5.63 per cent.
Over the same period, foreign institutional investors raised their stake in the company by 39 bps to 20.60 per cent.
Government Pension Fund Global, another public stakeholder, raised its stake by 75 bps to 2.31 per cent during July-September. On Friday, the stock ended 0.38 per cent higher at ₹92.15, on the BSE.