In some signs of easing stress among company promoters, the level of promoter pledged shares of BSE 500 companies has declined to 1.22% in the September 2023 quarter from 1.36% in the June 2023 quarter, as per an analysis by Kotak Securities.
“The value of the promoter (majority shareholder) pledged holding as a percentage of the promoter holding declined to 1.22% in the September 2023 quarter from 1.36% in the June 2023 quarter,” it said.
Promoters of 82 companies in the BSE-500 Index have pledged part of their holdings in the September 2023 quarter.
