There are 782 companies in India who have pledged the shares. All in all, the value of all the pledged shares put together is about Rs 1,53,000 crore today. By no stretch of imagination that’s a small figure. It is not fair to brush the same scenario with every element since there are companies like TCS , Adani Power , Hero Honda , Bajaj Auto , with pledges should not see it in the same context.So companies have to go into one of these routes to raise funds for their capex heavy projects. There are quite a few concerning situations as well like real-estate companies and infrastructure companies. That concern is always there. So it is better to see it as 782 individual cases rather than seeing it as a 1 big problem.
source: www.moneycontrol.com
Neeraj Rajgarhia
Summer Intern - Technical Analyst
DENIP Consultants Pvt. Ltd
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