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Top 10 holdings of the Government of Singapore in Indian stocks

26 February 20245 mins read by Angel One
In the previous quarter, the Government of Singapore expanded their ownership in 17 firms and acquired stakes in 7 stocks, including Max Healthcare Institute and Samhi Hotels.
Top 10 holdings of the Government of Singapore in Indian stocks
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

According to the most recent corporate shareholding statistics, the Government of Singapore, the largest FII investor in India, openly owns 50 stocks with a net worth of more than Rs 219,688 crore. In the previous quarter, they expanded their ownership in 17 firms and acquired stakes in 7 stocks, including NTPC, UltraTech Cement, Zomato and Bajaj Auto.

NTPC Ltd.

In December 2023, the Government of Singapore acquired a fresh stake in NTPC Ltd., purchasing 13.07 crore equity shares, which represents approximately 1.4% of the company’s equity stake. The value of this holding amounted to Rs. 4,394.01 crore. Meanwhile, foreign investors increased their stake in the company by 0.36%, rising from 16.69% in Q2 FY23-24 to 17.05% in Q3 FY23-24.

Bajaj Auto Ltd.

a prominent two and three-wheeler manufacturer, witnessed the Government of Singapore acquiring approximately 28.59 lakh equity shares, amounting to 1.01% of the company’s equity stake, valued at Rs. 2,423.08 crore. Foreign investors also increased their stake by 0.27%, rising from 14.37% in Q2 FY23-24 to 14.64% in Q3 FY23-24, with the company’s market capitalisation standing at Rs. 2.33 lakh crore.

Zomato Limited 

saw the Government of Singapore acquiring approximately 9.49 lakh equity shares, representing around 1.09% of the company’s equity stake, valued at Rs. 1,571.2 crore. FIIs increased their holdings by 2.43%, rising from 13.04% in Q2 FY23-24 to 15.47% in Q3 FY23-24, with the company’s market capitalisation reaching Rs. 1.4 lakh crore.

Top 10 stocks of Singapore Government Portfolio –

Sr. No. Stock Holding Value Qty Held Dec 2023 Holding %
1 Max Healthcare Institute Ltd. 6,151.9 Cr 7,38,29,956 7.60%
2 Samhi Hotels Ltd. 358.4 Cr 1,55,06,878 7.10%
3 Sapphire Foods India Ltd. 639.3 Cr 42,21,942 6.60%
4 Sona BLW Precision Forgings Ltd. 2,510.9 Cr 3,79,71,650 6.50%
5 Amber Enterprises India Ltd. 686.7 Cr 17,91,847 5.30%
6 Shriram Finance Ltd. 4,619.5 Cr 1,86,33,259 5.00%
7 Hindalco Industries Ltd. 4,642.9 Cr 9,20,01,454 4.10%
8 SBI Life Insurance Company Ltd. 5,689.6 Cr 3,68,80,699 3.70%
9 Larsen & Toubro Ltd. 15,989.9 Cr 4,61,91,004 3.40%
10 Bajaj Finance Ltd. 13,826.2 Cr 2,07,58,661 3.40%

Recently, the Government of Singapore bought shares in

Stock Increase in holding (%)
Sapphire Foods India Ltd. 4.8%
Medplus Health Services Ltd. 0.73%
Max Healthcare Institute Ltd. 0.44%
Shriram Finance Ltd. 0.43%
Eicher Motors Ltd. 0.26%
TVS Motor Company Ltd. 0.21%

Government Of Singapore made their latest buy in Sapphire Foods India Ltd., increasing stake by 4.80%

Recently, the Government of Singapore sold shares in

Stock Decrease in holding (%)
Rainbow Childrens Medicare Ltd. -0.61%
Jio Financial Services Ltd. -0.31%
Prestige Estates Projects Ltd. -0.27%
Petronet LNG Ltd. -0.15%
Apollo Tyres Ltd. -0.14%
Dr. Reddy’s Laboratories Ltd. -0.14%

The Government Of Singapore sold shares in Rainbow Childrens Medicare Ltd., lowering stake by -0.61%

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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