Pledged Shares

The lender's appeal was for passing appropriate orders directing Sebi, NSDL and NSE to comply with the SAT's ruling last month and remove all the lock-in and all other obstacles with respect to the invocation of the pledged shares.

IndusInd Bank acquires 4.79% stake in McLeod Russel by invoking pledged shares

The acquisition of 50 lakh shares represents 4.79 percent of the paid-up equity share capital of McLeod Russel.

How some companies are making the most of a crisis

Shrewd promoters are using the crisis as an opportunity to strengthen company balance sheets

Should the court restrain lenders from invoking share pledge?

The injunction granted by the Bombay HC has the effect of turning a secured lending transaction into an unsecured one

Gautam Adani, family put up additional $1.4bn shares as collateral

Aside from the global economic slowdown and coronavirus pandemic, Adani also faces legal challenge on his international airport bid and environmental opposition to his Carmichael coal mine in Australia

Did the market jump the gun in celebrating the reduction in pledged shares?

In many cases, pledged shares have been reduced because of compulsion, not due to improved company fundamentals

No pledged shares of Reliance Nippon Life invoked by any lender: Reliance Capital

The clarification comes following a report suggesting that Reliance Capital has pledged 22 per cent of its stake in RNAM.

Interest rates on loans against shares surge up to 300 bps as lenders turn risk averse: Report

A weak mutual funds (MFs) space and struggling non-banking financial companies (NBFCs) have triggered the surge as stakeholders turn risk averse

MF Wrap: SEBI disciplining Mutual Funds—trickle down effect to other financial segments

In early 2019 SEBI mandated mark to market fair valuation in liquid funds that uncovered the problematic debt papers in these schemes.

Promoter pledging hits 6-yr low, 45 cos reduce pledged shares in June; should you buy?

Overall, there were 45 companies in which the percentage of promoter holding decreased in June 2019. Promoters of 7 companies reduced their pledged shares to zero

SEBI tightens disclosure norms for pledged shares

This comes in the wake of the recent spotlight on mutual funds’ exposure to loan against share (LAS) schemes. These involve debt mutual funds investing in papers of little-known companies on the backing of promoter shares.

Pledged shares could be a time bomb

As the market realises that a company’s share price is under pressure, it becomes increasingly difficult for these firms to raise funds, particularly fresh equity capital

Bombay HC asks Reliance Power, Edelweiss to try resolving share sale issue

The division bench suggested the parties concerned to try resolving the dispute out of court and said it would hear the petition after two weeks.

Bears target companies with high promoter share pledges

Any weakness in the stock triggers margin calls and if promoters are unable to meet them, it triggers off a vicious cycle of falling prices prompting more selling

Margin calls may be amplifying fall in share price: Brokers

Inability of the market operators to meet the margin calls would have prompted the lenders to dump the stock, brokers said

No money was paid to revoke pledged shares: HDIL

The shares of HDIL surged over 4 percent on the news of promoters revoking all pledged equity shares with IL&FS Trust Co.

RBI nips 'unofficial' NBFC margin funding; sets new rules

The new RBI guidelines could make life tough for many stock market operators and promoters who manipulate stock prices using borrowed money

SBICAP invokes pledge of 11.55 cr shares in Kingfisher

Promoters hold 30.14 percent stake in Kingfisher, as per the company's December quarter shareholding pattern. Burdened under huge losses and large debts, the airline stopped flying in October 2012 and its flying licence also lapsed about two months later.

Fortis Health up 4% as promoters release 4cr pledged shares

Promoters of Fortis Healthcare have released 4.07 crore pledged shares. With this release the pledged shares percent comes down to sub 40 percent of the total number of shares from 48 percent as of the quarter ended June 2013.

United Spirits: Why are investors in high spirits?

United Spirits shares have moved up around 6 percent to Rs 1920 in the past one week in an otherwise slow market, after lenders to Kingfisher Airlines indicated they may sell group company, United Spirits (USL) shares pledged with them

TCS releases 20lk pledged shares worth Rs 250 cr

Country's largest software firm Tata Consultancy Services (TCS) today said its promoter Tata Sons has released 20 lakh pledged shares.

Ravi Kumar Distilleries owners could lose control of firm

Ravi Kumar Distilleries has accused the lead manager of its last year’s initial public offering of fraud, even as the Choudharys-controlled Bilpower has bought 12.5% (30 lakh shares) in the brewer through the open market.

All you want to know about pledged shares: ICICIdirect

ICICIdirect.com has come out with its report on pledged shares. According to the research firm companies that have taken loans against shares have to provide further margin in cash or pledge more securities to maintain the margin requirement.

Market continues downtrend, pledged shares in limelight

Santosh Nair, editor, Moneycontrol.com and Shishir Asthana of Firstpost are back with the market wrap at mid-day.

Need to improve disclosures on pledged shares: Ican

Anil Singhvi, chairman of Ican Investment Advisors says, there is a need to improve disclosures on pledged shares. “SEBI needs to expand scrutiny at the holding company level.”