Retail investor stake in 115 bankrupt companies nears Rs 1,000 cr

Around 7,500 retail investors in each company on a median basis

Retail investors hoping for a turnaround in listed companies mired in bankruptcy proceedings hold significant stake in them.

A Business Standard analysis of 115 companies undergoing proceedings under the Insolvency and Bankruptcy Code (IBC) showed that retail investors held stake in a majority of them. There were nearly 7,500  individual shareholders per company on a median basis, among those holding nominal share capital of up to Rs 1 lakh for the full sample. They held an average stake of 16.3 per cent. The analysis is based on data as of February 3. The sum of the value held by individual