Table:
| Top Ten Shareholders* | Shareholding at the beginning of the year April 1, 2018 |  | Cumulative shareholding at end of the year March 31, 2019 |  |
| --- | --- | --- | --- | --- |
|  | No. of shares | % of total shares of the Company | No. of shares | % of total shares of the Company |
| 1. Life Insurance Corporation of India | 75,384,947 | 3.9 | 152,493,927 | 4.1 |
| 2. SBI Mutual Fund | 7,056,720 | 0.4 | 21,680,561 | 0.6 |
| 3. First State Investments Icvc- Stewart Investors Asia Pacific Leaders Fund | 15,054,489 | 0.8 | 19,248,438 | 0.5 |
| 4. Government of Singapore | 6,497,754 | 0.3 | 18,028,475 | 0.5 |
| 5.Oppenheimer Developing Markets Fund | 7,996,009 | 0.4 | 16,731,906 | 0.5 |
| 6.ICICI Prudential Life Insurance Company Ltd | 3,886,141 | 0.2 | 16,139,316 | 0.4 |
| 7.Axis Mutual Fund Trustee Limited | 4,055,256 | 0.2 | 15,244,614 | 0.4 |
| 8.Abu Dhabi Investment Authority | 6,296,384 | 0.3 | 15,036,984 | 0.4 |
| 9. Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index Funds | 7,595,080 | 0.4 | 14,112,213 | 0.4 |
| 10. Vanguard Total International Stock Index Fund | 6,179,273 | 0.3 | 13,978,944 | 0.4 |
Paragraphs:
iv) Shareholding Pattern of top ten shareholders (other than Directors, Promoters and holder of GDRs and ADRs):
* The shares of the Company are traded on daily basis and hence the datewise increase/decrease in shareholding is not indicated. Shareholding is consolidated based on permanent account number (PAN) of the shareholder.
Question:
On what basis is shareholding consolidated?
Answer: Shareholding is consolidated based on permanent account number (PAN) of the shareholder.