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Share pledging by promoters fell for a second straight quarter amid buoyancy in the market. According to a report by Kotak Institutional Equities (KIE), pledged promoter holdings as a percentage of total promoter holding declined to 1.61 per cent in June 2021 quarter, from 1.64 per cent in the March 2021 quarter.
The value of promoter pledged holdings stood at Rs 1.7 trillion, 0.81 per cent of the total market capitalisation of the BSE 500 index.
Around 78 companies in the BSE 500 index had pledged part of their holdings at the end of the June 2021 quarter, down from
