Stocks in which President of India reduced stake by up to 3.6% in Q1 FY26; Do you hold any?

The President of India holds a significant investment portfolio managed by the government, not for personal use, but on behalf of the nation. This extensive portfolio, valued at over Rs 40 lakh crore, includes holdings in numerous public sector companies across diverse sectors like banking, power, and manufacturing. It represents the government’s strategic investments aimed at economic growth and national development.

1. Mazagon Dock Shipbuilders  

Mazagon Dock Shipbuilders Limited is engaged in the building and repairing of ships, submarines, various types of vessels, and related engineering products. The Company is in the construction of warships and submarines. It is also engaged in the production of defense equipment. 

With a market capitalization of Rs 1.11 lakh crore, the shares were trading at Rs 2,753.45 per share, decreasing around 0.26 percent as compared to the previous closing price.

Between March and June 2025, the President of India reduced their shareholding in Mazagon Dock Shipbuilders Ltd. The stake decreased from 84.83 percent to 81.22 percent, marking a 3.61 percent divestment. This involved selling approximately 14.5 million shares, though the government retains a strong majority ownership with no shares pledged.

2. Indian Renewable Energy Development Agency Ltd.  

IREDA is a government-owned enterprise operating under the Ministry of New and Renewable Energy (MNRE). IREDA specializes in promoting, developing, and offering financial assistance for new and renewable energy (RE) projects and energy efficiency and conservation (EEC) projects.  

With a market capitalization of Rs 41,590.67 crore, the shares were trading at Rs 148.05 per share, decreasing around 1.43 percent as compared to the previous closing price.

The President of India’s stake in IREDA slipped as fresh equity diluted the government’s position rather than any share sale. Holding a steady 2,015,823,529 shares, its ownership fell from 75% in March 2025 to 71.76% by late June 2025, a 3.24-percentage-point erosion. No shares are pledged, but the shrinking proportion signals capital raising that marginally weakens state control.

Written by Abhishek Singh

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