₹3,812 Cr Holding: 2 Stocks in which Govt of Singapore increases stake to look out for
Alex Smith
5 months ago
Synopsis: The Government of Singapore raised its stake in Apollo Hospitals Enterprise and Power Finance Corporation during the December quarter, signalling continued institutional confidence.
Sovereign wealth interest in Indian equities remains strong as the Government of Singapore boosted its holdings in Apollo Hospitals and Power Finance Corporation during the December quarter. The move highlights continued institutional confidence in India’s healthcare and power financing sectors amid evolving market conditions and long-term growth opportunities.
The Government of Singapore publicly holds 56 stocks with a combined value exceeding Rs. 1,95,658 crore, with HDFC Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, L&T, and Shriram Finance among the top holdings by value.
Apollo Hospitals Enterprise Ltd
Apollo Hospitals Enterprise Ltd is one of India’s largest integrated healthcare providers, operating a wide network of hospitals, clinics, diagnostic centers, and pharmacies. It is a pioneer of private healthcare in India and offers services across specialties, supported by strong digital health and preventive care initiatives.
With a market capitalisation of Rs. 1,04,041.14 cr, the shares of Apollo Hospitals Enterprise Ltd closed at Rs. 7,235.90 per share, down by 0.48% from the previous close of Rs.7,270.70 per share.
The Government of Singapore increased its stake from 1.37% in Q2 FY26 to 2.34% in Q3 FY26, reflecting a 0.97% rise in shareholding. Total holding value is Rs. 2,442.4 cr.
Promoters holding stands at 28.02%. FII’s holding fell to 43.54% from 44.20%. DII’s rose to 21.50% from 21.12%. Government holding stands at 0.23%. Public holding increased from 6.43% to 6.71% over the same period.
Power Finance Corporation Ltd
Power Finance Corporation Ltd is a government-owned financial institution that provides financing to India’s power sector. It supports generation, transmission, and distribution projects, playing a key role in strengthening power infrastructure and enabling energy reforms across the country.
With a market capitalisation of Rs. 1,23,902.32 cr, the shares of Power Finance Corporation Ltd closed at Rs. 375.45 per share, up by 0.98% from the previous close of Rs. 371.8000 per share.
The Government of Singapore increased its stake from 1.08% in Q2 FY26 to 1.16% in Q3 FY26, reflecting a 0.08% rise in shareholding. Total holding value is Rs. 1,369.1 cr.
Promoter holding stands at 55.99%. FII’s declined to 18.33% from 18.84%. DII’s holding also declined to 15.48% from 16.04%. Public holding increased from 9.13% to 10.18% over the same period.
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