Share pledges at 7-year high

Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.

According to a report by Prime Database, promoter share pledges increased 14 per cent in the last quarter of 2015. The value of such shares rose to Rs 2.03 lakh crore in December from Rs 1.78 lakh crore in the previous quarter. Read More