CG Power, Kwality: Promoters pledge 100% holding in December quarter

Share pledging means taking a loan against the shares that one / promoter holds. The promoters can pledge their shares in order to meet various business or personal requirement.

CG Power and Industrial, Kwality, Reliance Naval and Engineering, IL&FS Transportation Networks and Sterlite Technologies are the five companies from the BSE-500 index, whose promoters have pledged over 95 per cent of their holdings in the December quarter of financial year 2018-19 (Q3FY19), suggests a recent report by Kotak Securities.

Among them, promoters of CG Power and Industrial, Kwality and Reliance Naval pledged 100 per cent of their holdings, the report says.

 

By definition, share pledging means taking a loan against the shares that one / promoter holds. The promoters can pledge their shares in order