Max Financial and GMR Airport among 10 companies with highest promoter pledged holdings – Pledge Tracker

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While the March quarter witnessed a marginal decrease in pledged promoter holding to 1.10%, down from 1.17% in December 2023, the percentage of promoters’ pledges holding of some companies went up as high as 69% as of March 2024, states a report by Kotak Institutional Securities.Top 10 companies that stand at highest pledged holdings by promoters as a percentage of their holding, compiled by Kotak Equities, are listed below:

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Max Financial Services

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Max Financial Services

The percentage of promoters’ holdings pledged in Max Financial stand at 69.2% as of March 2024.

ANI

GMR Airports
At the end of Q4FY24, 58.2% of the total promoters’ holding in GMR Airports has been reported to be pledged.

ETMarkets.com

Medplus Health Services

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Medplus Health Services

The pledged promoter holding of Medplus stood at 54.2% at the end of March 2024, which is an increase from 50.5% for the year ended March 2023.

ETMarkets.com

India Cements
From 45.5% holdings pledged by promoters in December 2023, the total percentage of promoters’ pledged shares stood at 46.2 in March 2024.

ETMarkets.com

IndusInd Bank
IndusInd bank has consistently pledged 45.5% of its promoter holding since last year.

Agencies

Sterling and Wilson
The pledged share of promoters of Sterling & Wilson has reduced to 37.2% from 39.5% last year, however it stands at 6th place in terms of highest pledged promoter holdings.

Agencies

Chalet Hotels
As of March 2024, the pledged holding of the promoters’ shares stands at nearly 40%.

Agencies

Kalpataru Projects
Promoters’ pledges holding stands at 31.5% for Kalpataru in March quarter, down from 42.5% in December 2023.

ETMarkets.com

Indus Towers
Indus Towers’ promoters’ pledged holding stands consistent at 30.5% since last year.

Agencies

Chambal Fertilizers
Chambal Fertilizers pledged promoter shareholding at 25.2% at the end of March 2024 down from 26.3% in March 2023.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ETMarkets.com

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