• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Monday, March 20, 2023
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Promoters’ pledged shareholding falls to 1.64% in Q4; value of pledged shares at Rs 1.6 lakh cr

by The Outlooker Web Desk
May 12, 2021
in Business
0
Promoters’ pledged shareholding falls to 1.64% in Q4; value of pledged shares at Rs 1.6 lakh cr
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

There has been a widespread decline in promoter pledged holdings in almost all Nifty 50 companies, except IndusInd Bank.

India Inc’s efforts to cut debt have likely given visible results, with a widespread fall in promoters’ pledged shareholdings in almost all Nifty 50 companies in the January-March quarter. What’s more, no BSE 500 company now has more than 90% of their promoter shareholding pledged, brokerage firm Kotak Institutional Equities said in a recent report. Indian companies have been working towards improving balance sheets and trimming debt in the last one year as the cost of funds moved to historic lows.

Promoters of Suzlon Energy, Future Consumer, and Max Financial Services have the highest pledged holdings. Among Nifty 50 companies, only IndusInd Bank didn’t see a fall in pledged promoter shareholding, the report said. High promoter pledging does not indicate a company is under financial stress.

Fall in promoters’ pledged shareholding in BSE 500 in January-March:

* Pledged holding down to 1.64% in January-March from 2.09% in October-December
* Value of promoter pledged holdings Rs 1.6 lakh crore, about 0.81% of the total BSE 500 Index’s market capitalization
* Zero company with over 90% of promoter holding pledged, down from five in the previous quarter
* Three companies with 75-90% of promoter holding pledged, down from seven in the previous quarter
* Promoters of 85 out of BSE 500 companies pledged part of their shareholdings.

Top companies with promoter pledges:

* Suzlon Energy – 88.5% of the total promoter shareholding
* Future Consumer – 88.4%
* Max Financial – 84.5%

In value terms…

* Hindustan Zinc – Rs 17,100 crore
* Adani Ports & SEZ – Rs 14,500 crore
* Asian Paints – Rs 12,100 crore

Largest decline in pledged promoter holdings

* Adani Ports: from 38.2% to 16%
* Crompton Greaves: from 65.6% to 18.3%
* Adani Transmission, Laurus Labs, Future Retail, JSW Energy, and Adani Enterprises are some of the other firms where promoter pledging was reduced significantly.

IndusInd Bank raises promoter pledges

IndusInd Bank had no promoter pledges at the end of December 2020, but by March-end pledges made 36.4% of the promoter shareholding. Aurobindo Pharma, Aster DM Healthcare, Wockhardt, Ashok Leyland, and Deepak Fertilisers all saw an increase in promoter share pledging.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Remdesivir Export Ban Half-Baked Step If Can’t Be Sold In India: Delhi High Court

Remdesivir Export Ban Half-Baked Step If Can't Be Sold In India: Delhi High Court

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Toxic Work Culture Main Reason For ‘Quiet Quitting’ Among Gen Z: Report
National

Toxic Work Culture Main Reason For ‘Quiet Quitting’ Among Gen Z: Report

March 20, 2023
10 Flights To Delhi Airport Diverted To Other Cities Due To Bad Weather
National

10 Flights To Delhi Airport Diverted To Other Cities Due To Bad Weather

March 20, 2023
1 Million Pieces! ZOVOO’s New Release – The Futuristic Ceramic Coil Disposable DRAGBAR Z700 SE, Shocks the UK
Business

1 Million Pieces! ZOVOO’s New Release – The Futuristic Ceramic Coil Disposable DRAGBAR Z700 SE, Shocks the UK

March 20, 2023
1,000 In Custody, Helpline Launched In Assam Child Marriage Crackdown
National

1,000 In Custody, Helpline Launched In Assam Child Marriage Crackdown

March 20, 2023

Connect with us

No Result
View All Result

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • Toxic Work Culture Main Reason For ‘Quiet Quitting’ Among Gen Z: Report
  • 10 Flights To Delhi Airport Diverted To Other Cities Due To Bad Weather
  • 1 Million Pieces! ZOVOO’s New Release – The Futuristic Ceramic Coil Disposable DRAGBAR Z700 SE, Shocks the UK

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.