Institutional investors, including mutual funds and foreign institutional investors, have reduced their holding in IT training company Aptech Ltd by 4.22 per cent to 12.81 per cent during the quarter ended December 31 2002.

MFs and FIIs held 7.25 per cent and 5.69 per cent stake in the company as on September 30, 2002 which they scaled down to 5.6 and 3.08 per cent respectively as on December 31, according to the shareholding information filed by Aptech with Bombay Stock Exchange on Thursday.

The public holding during the period under review in the company grew by 2.16 per cent to 47.63 per cent while private corporate bodies raised their holding by 2.31 per cent to 10.35 per cent, it added.

The promoters' stake remained almost the same at 27.47 per cent.

Aptech Employee Welfare Trust reduced their stake to 0.17 per cent by December end from 0.38 per cent in September last year while NRIs and overseas corporate bodies reduced their holding marginally by 0.03 per cent to 1.57 per cent.