FII stake in TISCO increases in Q2

FII stake in TISCO increases in Q2

Foreign Institutional Investors (FII) have increased their stake in Indian steel producer Tata Iron and Steel Corp (TISCO) to 11.98% from 9.61% in the second quarter of 2004 fiscal year, which ended on September 30, 2004. With this figure, foreign holding in TISCO has increased to 12.4% at the end of second quarter from 10.02% at the end of first quarter ended on June 30, 2004. HSBC Global Fund hiked its stake in TISCO to 1.48% in the subject quarter from 1.3% in June. Janus Special Equity Fund maintained its stake of around 1.3%.