New Delhi, Feb 8 (TIWN) More promoters have pledged their shares in during the pandemic to provide additional security on their loans from banks in the absence or run down of other assets.

According a report by Kotak Institutional Equities, value of pledged promoter (majority shareholder) holdings increased marginally to 2.09 per cent in December 2020 quarter compared to 2.03 per cent in the September 2020 quarter.   Promoters of 84 companies in the BSE-500 Index had pledged all or part of their holdings in the December 2020 quarter. The value of promoter pledged holdings was Rs 1.8 lakh crore at end-December 2020, which is about 1.04 per cent of the total BSE-500 Index's market capitalisation.