FPI holding hits multi-year lows in 70% of top 100 Indian companies

Foreign portfolio investor holdings have reached multi-year lows in 70% of India’s top 100 companies, highlighting a broad decline in overseas ownership across the country’s largest listed businesses.

Largest companies see the sharpest decline

The reduction in foreign ownership has been more pronounced among the biggest companies. The trend is especially visible in the banking and information technology sectors, which account for a significant portion of the leading companies tracked in the group.

The data points to a widespread retreat in FPI holdings rather than an isolated change affecting a small number of businesses. With seven in 10 of the top 100 companies recording multi-year lows, the shift covers much of the large-cap segment.

Focus on banks and IT firms

Banks and information technology companies stand out as the sectors where the decline in foreign ownership has been most pronounced. The movement places these industries at the centre of the broader change in the foreign investor mix among India’s largest companies.

The latest pattern provides a snapshot of how FPI participation has changed across the leading end of the Indian market, with the available data pointing to lower foreign holdings in a substantial majority of top companies.