<p>Pledging of shares by promoters of BSE 200 companies has reduced by $1.2 billion sequentially for the quarter ended June 2015, according to a recent report by brokerage firm Axis Capital.<br /><br /></p>.<p>“The value of shares pledged by promoters in the BSE 200 at the end of June 2015 stood at $16 billion — a sequential decline of $1.2 billion. Among sectors, power and metals saw the largest sequential increase, whereas oil and media saw the sharpest decline, the brokerage firm said. The rise is mainly in companies with market cap of $1 billion -$5 billion,” the report said.<br /><br />Among Nifty companies, Cairn India has the highest promoter pledge at 57 per cent. Companies where the promoter pledge has seen a steady rise in the past few quarters include Emami, JSPL, Jubilant Foodworks, Reliance Communications. Reliance Infrastructure, and Reliance Power. <br /><br />The maximum pledging has been done by the promoters of Suzlon, with the promoters pledging 99 per cent of holdings, followed by GMR Infrastructure at 84 per cent, Essar Oil at 72 per cent, and Crompton Greaves at 66 per cent.<br /><br />Companies where promoter pledging has seen a steady decline in the past few quarters include Aurobindo Pharma, followed by Dish TV, M&M, and Motherson Sumi.<br /> </p>
<p>Pledging of shares by promoters of BSE 200 companies has reduced by $1.2 billion sequentially for the quarter ended June 2015, according to a recent report by brokerage firm Axis Capital.<br /><br /></p>.<p>“The value of shares pledged by promoters in the BSE 200 at the end of June 2015 stood at $16 billion — a sequential decline of $1.2 billion. Among sectors, power and metals saw the largest sequential increase, whereas oil and media saw the sharpest decline, the brokerage firm said. The rise is mainly in companies with market cap of $1 billion -$5 billion,” the report said.<br /><br />Among Nifty companies, Cairn India has the highest promoter pledge at 57 per cent. Companies where the promoter pledge has seen a steady rise in the past few quarters include Emami, JSPL, Jubilant Foodworks, Reliance Communications. Reliance Infrastructure, and Reliance Power. <br /><br />The maximum pledging has been done by the promoters of Suzlon, with the promoters pledging 99 per cent of holdings, followed by GMR Infrastructure at 84 per cent, Essar Oil at 72 per cent, and Crompton Greaves at 66 per cent.<br /><br />Companies where promoter pledging has seen a steady decline in the past few quarters include Aurobindo Pharma, followed by Dish TV, M&M, and Motherson Sumi.<br /> </p>
