Pledge revoking gains momentum; 107 of BSE 500 companies reduce holdings

60% of BSE 500 companies have seen a drop in pledged shares

Pavan Burugula  |  Mumbai 

The rally in equities and gradual improvement in stressed sectors of the economy such as power and infrastructure have led to a sharp decline in shares pledged by promoters of companies.  At the end of the December 2016 quarter, in the BSE 500 universe, 107 companies had reduced their pledged holding compared with December 2015. Of which, 46 had brought the pledged holding to zero, showed data compiled from digital corporate compiler Capitaline.  The data take into account 178 companies in the BSE 500 which reported some pledge activity since the December quarter ...

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Pledge revoking gains momentum; 107 of BSE 500 companies reduce holdings

60% of BSE 500 companies have seen a drop in pledged shares

60% of BSE 500 companies have seen a drop in pledged shares The rally in equities and gradual improvement in stressed sectors of the economy such as power and infrastructure have led to a sharp decline in shares pledged by promoters of companies.  At the end of the December 2016 quarter, in the BSE 500 universe, 107 companies had reduced their pledged holding compared with December 2015. Of which, 46 had brought the pledged holding to zero, showed data compiled from digital corporate compiler Capitaline.  The data take into account 178 companies in the BSE 500 which reported some pledge activity since the December quarter ... image
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