Where is Kwality Ltd Share?
Kwality Ltd., once a major player in India’s dairy industry, is no longer operational as a functional business. The company faced severe financial distress, leading to its insolvency in 2018. By 2020, it was entangled in a significant bank fraud case involving ₹1,400 crore, and the Central Bureau of Investigation (CBI) was brought in to investigate allegations of defaulting on bank loans since 2010.
Currently, Kwality Ltd. has no ongoing business activities, and its shares have been delisted from Indian stock exchanges. The company also experienced a dramatic financial collapse, with its operations dwindling drastically since 2018, as its revenue and profits turned negative
Kwality Ltd share was delisted from the stock market in February 23rd 2021. Last trading price was ₹ 2.20.
As of the latest updates, the shareholding pattern for Kwality Ltd. reflects significant financial distress and minimal institutional support:
1. Promoters:
Promoter Holdings: Around 24% of Kwality Ltd.’s shares are held by its promoters. A significant portion (approximately 24%) of these promoter shares have been pledged, indicating financial pressure and a need to secure loans or commitments
2. FIIs (Foreign Institutional Investors):
Foreign institutional investment in Kwality Ltd. has dropped to nearly zero. At one point, FIIs had a minimal stake, but they have since exited, with no noticeable holding reported recently
3. DIIs (Domestic Institutional Investors):
Domestic Institutional Investors, such as mutual funds, also hold a negligible stake in the company. The DII shareholding has remained below 1%, reflecting the general institutional withdrawal from the stock.
4. Mutual Funds:
There are no significant mutual fund holdings in Kwality Ltd. The stock has not been a part of any major mutual fund portfolio for quite some time due to the company’s financial instability and delisting
5. Public Shareholders:
The public holds approximately 75-76% of the company’s shares. This includes individual investors who were left with a virtually worthless stock following the company’s collapse
Kwality Ltd.’s stock has lost most of its value, and its delisting has left shareholders with very limited options for recovery. The situation is typical of companies undergoing insolvency and investigations, where most institutional investors exit early, and public shareholders bear the brunt of the financial collapse
Stats Source: WikiPedia, Screener
