When the market regulator, SEBI earlier in the week released a list of 331 companies which were identified as shell companies trapped not only retail investors but foreign institutional investors as well as mutual funds.
Out of the list of 331 companies, only 249 companies were actively tracked by data providers, because most of them were already suspended even before the SEBI order.
Foreign institutional investors held a stake in 24 companies which include names like JKumar Infrastructure in which they hold more than 27 percent, followed by Info Drive Software which has accumulated 14 percent FII stake. They hold 10 percent stake in Cals Refiners, Capitaline data showed.
