Pledging shares is a common practice among promoters to secure loans for various purposes such as working capital, personal needs, or other ventures. Here’s a list of 10 companies from the Nifty500 index where promoters’ holding pledge was the highest as of Q4 FY24, according to StockEdge data:
Agencies
Vedanta promoters’ holding pledge stood at 100% as of the March quarter of FY24, the highest among Nifty500 companies.
Hindustan Zinc promoters’ holding pledge stood at 99.4% as of Q4 FY24.
Reuters
4/11
Aster DM Healthcare
Aster DM Healthcare promoters’ holding pledge stood at 98.9% as of Q4 FY24.
Agencies
5/11
Max Financial Services
Max Financial Services promoters’ holding pledge stood at 69.4% as of the March quarter of FY24.
ETMarkets.com
6/11
GMR Airports Infrastructure
GMR Airports Infrastructure promoters’ holding pledge stood at 58.2% as of the March quarter of FY24.
ETMarkets.com
7/11
Medplus Health Services
Medplus Health Services promoters’ holding pledge stood at 54.2% as of the March quarter of FY24.
Agencies
8/11
IRB Infrastructure Developers
IRB Infrastructure Developers promoters’ holding pledge stood at 48.9% as of the March quarter of FY24.
India Cements promoters’ holding pledge stood at 46.2% as of Q4 FY24.
Reuters
IndusInd Bank promoters’ holding pledge stood at 45.5% as of Q4 FY24.
Agencies
HFCL promoters’ holding pledge stood at 44.5% as of Q4 FY24
