You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Share pledging by Gujarat Inc jumps

DNAHM85662 | 5/16/2015 | Author : Sumit Khanna | WC :576

Value of shares pledged by Gujarat-based cos rises 125% in a year to `36,000 cr as of March 2015
The percentage of promoter holding pledged went up from 32.66% a year ago to 39.12% in March 2015

huge rise
Ahmedabad: Share pledging by Gujju promoters has shot up in the last year. Data shows that while value of pledged shares more than doubled in the last year, percentage of promoter holding pledged has also increased by almost 25%.
Promoters typically pledge their shares to raise funds for the same company, or for financing other projects. High levels of pledged shares are not seen as a good sign by investors as a downturn in market price can lead to invocation and change in management.
However, this does not seem to have desisted promoters of Gujarat-based companies from raising funds by pledging part of their holding, as there was a huge rise in shares pledged by many promoters in 2014-15.
According to,
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Sensex sheds 311 points, Nifty below 10700-mark
DNMUM432196 | 2/19/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :191

Mumbai: Sensex and Nifty continued to fall on Monday as investor’s remained nervous on foreign fund outflows and geopolitical concerns.
The 30-share Sensex slipped 310.51 points, or 0.87%, ending at 35498.44 while the broader Nifty settled at 106
Add To LightboxCalculate Price

Use a step-up SIP to match your income
DNMUM432197 | 2/19/2019 12:00:00 AM | Author : Sandeep Bhardwaj | WC :801

Over the last three years the average Systematic Investment Plan (SIP) collection per month has almost doubled. During the year 2017-2018, SIP contribution accounted for around Rs 67,000 crore and the total number of active SIPs accounts sto

Add To LightboxCalculate Price

Daimler India drives in first profit in 4 years on volume push
DNMUM432198 | 2/19/2019 12:00:00 AM | Author : Shahkar Abidi | WC :238

Mumbai: Four years after calling itself financially ‘sick’, Daimler India Commercial Vehicles (DICV), reported its first profit during the year 2018. Though the company did not disclose its profit figures, its sales volume grew by 35% in 201

Add To LightboxCalculate Price

‘We will be considering Arcelor’s Essar offer’
DNMUM432199 | 2/19/2019 12:00:00 AM | Author : Sanjay Jog | WC :596

Power Finance Corporation (PFC) hopes to start a new inning in the power sector after the acquisition of Rural Electrification Corporation. In an interview with DNA Money, PFC CMD Rajeev Sharma told Sanjay Jog that the PFC-REC deal will create
Add To LightboxCalculate Price