Overseas investors have cut their exposure to the country's three leading business groups-- Tatas and the conglomerates led by Mukesh and Anil Ambani-- with net sale of shares worth an estimated Rs 2,500 crore in their companies since the beginning of this fiscal.
An analysis of changes in shareholding patterns of the companies belonging to these groups, as filed with the Bombay Stock Exchange, shows that foreign institutional investors (FIIs) are net sellers in shares of all the three groups since April 2011 or start of this fiscal.
On the other hand, the domestic institutional investors (comprising of mutual funds, insurance companies and banks among others) were net buyers of stocks belonging to the Tatas and Mukesh Ambani-ledReliance Industries group. However, they were net sellers of shares from Anil Ambani-Reliance Group.
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