​Vedanta, IndusInd Bank among 10 companies with highest promoters’ holding pledge – Taking stock

​Vedanta, IndusInd Bank among 10 companies with highest promoters’ holding pledge – Taking stock

May 17, 2024, 10:04:33 AM IST​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.Reuters4/11Aster DM Healthcare​​Aster DM Healthcare promoters’ holding pledge stood at 98.9% as of Q4 FY24.Agencies5/11Max Financial ServicesMax Financial Services…
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Source: https://economictimes.indiatimes.com/markets/stocks/news/vedanta-indusind-bank-among-10-companies-with-highest-promoters-holding-pledge/slideshow/110195196.cms?from=mdr