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Promoter share pledges rise in December quarter
TIWN
TIWN
PHOTO : TIWN
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.
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