Given these changes, it would be relevant to examine the present shareholding pattern of listed companies. The crux of the issue is: who own corporate India? What is the extent of shareholding of individual Indian investors who actually represent the disintermediation phenomenon? What is the extent of foreign portfolio investments which are a major focus of policy towards stock market? How relevant are the ceilings placed on FII investments and how widespread are these investments? How much inroads mutual funds could make? Preliminary results of an ongoing study at the.
