Different View

We hope to provide research and analysis that could improve our insights into the formation of bubbles or manias which invariably end in panics & crashes. We attempt to spot and highlight various anomalies in the economy & society which often precede the formation of bubbles. The premise that underscores this blog is the view that timely regulatory action can prevent the formation of bubbles since these anomalies are formed by human economic & social behaviour in the first place.

Sunday, 1 November 2009

Historical Statistics

Shareholders in India - 1981

The Stock Exchange Division of the Union Finance Ministry announced in 1981:

The total number of shareholders in the country (in 1975) was two million (20 Lakhs).
This increased to 3.5 million as a result of FERA share issue.
In 1981 this figure remained constant.
The face value of FERA shares (including premium) was Rs. 58.39 Crores (or about Rs.5.839 billion), while the premium amounted to Rs.12.89 crores.
About 35-40 percent of the total shareholding was held by Public financial institutions. Among the Public financial institutions LIC held 10 percent (or Rs.375 crores), GIC Rs.70 Crores
Until 1980, Hindustan Lever had the highest number of shareholders - 90,000 - followed by TISCO (70,000).
In 1980 Ambalal Sarabhai Industries crossed Hindustan Lever when they issued shares to the public (which was oversubscribed by 3.5 times) and raised Rs.24 crores. The number of shareholders in the company reached 3.5 lakhs (a record in those days).

Source: The Financial Express, 8 July 1981.

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)