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 www.nseinfobase.com,
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

After third phase of polls, bulls back with 490-pt bang
DNMUM435428 | 4/25/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :397

Mumbai: After a three-day losing streak, domestic stock markets ended on a higher note on Wednesday, pushed by strong buying interest seen in banking, financial services, IT and energy stocks in late afternoon deals.
S&P BSE Sensex rose 489.80 po
Add To LightboxCalculate Price

‘We have real estate inventory of `4,600 crore’
DNMUM435429 | 4/25/2019 12:00:00 AM | Author : Swati Khandelwal | WC :448

Mahindra Lifespace Developers profits have declined due to the changed accounting norms as it has changed the way the financial statements are reported. Sangeeta Prasad, MD and CEO, in a chat with Swati Khandelwal said the new norms mandate that reve
Add To LightboxCalculate Price

Boardroom: When and how to speak
DNMUM435430 | 4/25/2019 12:00:00 AM | Author : Rama Moondra | WC :726

The genesis of this column lies in two incidents that happened back-to-back. A leading non-banking finance company contacted me for training their employees on Boardroom confidence and presentability. “...if you can tell them that it is not a wedding
Add To LightboxCalculate Price

Rupee may slip below 70/ dollar soon
DNMUM435468 | 4/25/2019 12:00:00 AM | Author : Edit | WC :231

Rupee is all set to fall below 70 per US dollar. A day after the successful dollar-rupee swap auction, the second in as many months, the rupee is looking a tad fragile again. The rising crude and the subsequent fear of inflation creeping back have ca
Add To LightboxCalculate Price