Key Points
Mumbai: HDFC Bank may have missed out on the prospect of fresh foreign purchases of its stock by a whisker...
Overseas investors' stake in the bank fell in the March quarter but this fell short of index provider MSCI's requirements to increase the stock's weight on the index.. With the reduction in FPIs' stake, foreign investor headroom in the bank has risen to 24.95%, slightly lower than the MSCI requirements of 25%...
The foreign holding in HDFC Bank now stands at 55.54%, said Abhilash Pagaria, head of Nuvama Alternative Research...
Following the merger of HDFC Bank with parent HDFC, the combined entity's total weight in the MSCI index should have been higher, considering the total free float capitalisation...
In the March quarter of the previous year, the foreign holding of Kotak Mahindra Bank experienced a decline of 1.47%, leading to an increase in foreign headroom from 22.38% to 25.05%...
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