Stocks with high FII holding: 20% or more foreign held

The FII column adds up foreign portfolio investors, foreign direct investment, sovereign wealth funds, overseas depositories and other foreign institutions. A foreign portfolio investor (FPI) is a fund or institution outside India that buys listed Indian shares for returns, without taking control. The 20% cut-off applies to this combined share.

A company is listed when the combined foreign institutional share in its latest shareholding filing is 20% or more. Main-board companies file this pattern every quarter, so the list changes when new filings arrive. Where a filing includes shares underlying depositary receipts traded abroad, the percentages are worked out on all shares, those included.

Under SEBI's FPI rules, one FPI together with its investor group must hold below 10% of a listed company's paid-up equity on a fully diluted basis. A holding that crosses 10% must be sold down within five trading days, or the group's whole investment in the company is then treated as foreign direct investment. A 20% foreign share is therefore spread across several holders, or includes direct investment.

Promoter shows the promoter group's share, and DII shows Indian institutions such as mutual funds, insurers, banks and pension funds. Pledged is the part of promoter shares pledged, as a share of promoter holdings. Debt/equity is borrowings divided by net worth, with lease liabilities left out. The tabs and filters (sector, size, name) change the columns and narrow the list.

The figure is a snapshot of one quarter's filing, not a trend; the Holding changes tab compares quarters. It also does not say which foreign investors hold the shares or whether they are buying or selling.