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Promoter pledging increases in Dec quarter amid a spike in volatility

The value of promoter pledged holdings stood at Rs 1.97 trillion, 0.81 per cent of the total market capitalisation of the BSE 500 index

Promoters, IBC, cross-border insolvency framework
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Illustration: Binay Sinha

Sundar Sethuraman Mumbai
Share pledging by promoters rose during the December 2021 quarter amid a spike in volatility.

According to a report by Kotak Institutional Equities (KIE), the value of pledged promoter holdings as a percentage of promoter holding rose to 1.6 per cent in December 2021 quarter, from 1.5 per cent in the September 2021 quarter. The value of promoter pledged holdings stood at Rs 1.97 trillion, 0.81 per cent of the total market capitalisation of the BSE 500 index.

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First Published: Feb 20 2022 | 10:32 PM IST

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