Data for March quarter puts promoter pledging at 11.87% of total promoter holdings against 7.1% in 2009
Mumbai: Shares pledged by the controlling shareholders of Indian firms have risen sharply over the past six years as cash-strapped promoters use stocks as collateral for fund-raising and some lenders force these borrowers to increase the number of shares that have been pledged to secure loans when stocks have shed their value.
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