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Please note that the surge in FII stake is balanced by deduction in the promoters stake. Does that mean promoters were selling? NO. Nor have FIIs involved in heavy purchases. The FII has converted its warrants in to equity which has resulted in the above two scenarios where FII stake has increased & Promoter stake has decreased.

fii stakes surged in suzlon energy with a notable increase of 23 crore shares in the march quarter, followed by reliance power and vikas lifecare. suzlon energy saw a rise from 231 crore shares to 254 crore shares, reliance power from 31.89 crore to 52.27 crore shares, and vikas lifecare from 2.46 lakh shares to 18 crore shares. other firms witnessing significant fii stake hikes include south indian bank, allcargo logistics, rattan india power, jp power venture, genus power infra, paisalo digital, bank of maharashtra, lemon tree, and infibeam avenues.