Saturday, April 04, 2015
DO YOU KNOW?
IVRCL Ltd pledged 100% of promoter holdings, while others like Alok Industries have pledged 99.77% of promoter holdings, and 99.72% of promoter holding in Essar Ports has been pledged. According to a report published by the Business Standard Research Bureau promoters of 13 companies pledged more than 90% of their holdings in the December, 2014 quarter.
According to Kotak Institutional Equities, the highest increase in promoters’ pledged holdings was seen in IVRCL Ltd, Edelweiss Financial Services, Reliance Infrastructure, IL&FS Transportation, Sadbhav Engineering and Rasoya Proteins.
Promoters who decreased their pledged holdings included Orchid Chemicals, Ballarpur Industries, Gati, Strides Arcolab, Lakshmi Vilas Bank, Radico Khaitan and Jyothy Laboratories.
Promoters of Stride Arcolab completely revoked their pledged holdings during the quarter.