Pledged-share firms lagged in December quarter, IL&FS arm shed 39% in value

A few companies in this space lost about a third of their values; 18 of 30 firms with highest shares pledged ended with negative returns; DB Realty bucked the trend

Certain companies with high pledging saw up to a third of their value wiped out in the three months ending December 2018, in a few cases. Pledging is a process by which shareholders can raise capital against their stake in a listed company. Details of such pledges are required to be periodically disclosed. 
 

IL&FS Transportation Networks was the company with the highest proportion of pledged shares (71.92 per cent). Its market capitalisation was down 38.6 per cent.  Four companies saw at least 25 per cent of their market capitalisation wiped out, and another seven saw over a tenth of their