Data Analysis

Several multinational firms that have listed their Indian units on local exchanges and retained
more than 75% stake may choose to delist. BOC India, Atlas Copco, Kennametal India, HSBC
InvestDirect, Goodyear India, Siemens and ABB were among several companies wherein foreign
promoter looked to raise stake or delist company in last 1 year.
Analysts suggest that considering the nature of the MNCs, foreign parent companies may not be
willing to offload their stakes as directed by the government rule. In such a case, they may opt for
the delisting route. The market participants also believe that MNCs in general, do not wish to
have intervention in their decision-making process. This may even prompt them to delist company
from the bourses.
Company %Holding Rs Crore No of Holders
Fresenius Kabi 90 1267 1
BOC India 89.48 1843 1
Alfa Laval 88.77 1894 1
Atlas Copco 83.77 3922 1
INEOS ABS 83.33 528 1
Polygenta Tech 82.78 N.T* 3
Honeywell Autom 81.24 1530 1
Blue Dart 81.03 1961 1
Oracle Financ 80.44 13977 2
Singer India 80.13 26 1
Sharp India 80 54 1
Jet Airways 79.99 3158 1
Thomas Cook 77.18 748 2
3M India 76 2806 1
ABB 75 10210 4
Whirlpool 75 2088 1
Multibase India 75 27 2
Seamec 75 259 1
Morganite India 75 46 3
DQ Entertain 75 417 1
WABCO-TVS 75 1280 1
Timex Group Ind 74.93 223 1
CMI FPE 74.89 479 1
Black Rose Ind 74.38 18 1
Disa India 74.27 148 5
Voith Paper Fab 74.04 58 1
Goodyear 74 365 1
Ingersoll Rand 74 931 1
Insilco 73.11 66 1
Albright Wilson 72.93 44 1