Page 3 - Promoter Stake

Promoter pledging declines to a two-year low of 11% in December

But value of pledged holding rises, buoyed by market rally

Vedanta promoters to raise stake by 5% in Indian arm via block deals

Stake hike comes after Vedanta Resources, the company's promoter, had failed to delist Vedanta Ltd in October as it did not get bids for a sufficient quantity of shares

Three entities sell Amber Enterprises shares worth over Rs 694 cr

As per NSE''s bulk deal data, promoter of Amber Enterprises, Kartar Singh, offloaded 275,000 shares of the firm for Rs 50.63 crore

Corona warriors for markets: Ambani, Adani stocks rise most since lockdown

The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.

Promoter pledging spikes in firms belonging to debt-laden groups

The companies with high promoter pledging also saw a sharp fall in their share prices; market experts say companies with high pledging have seen sharp selling

Sebi exempts Somany Ceramics promoter trusts from making open offer

As per the regulatory norms, the proposed acquisition will attract the obligation to make open offer under the Takeover Regulations.

Lodha group arranges $325 mn to repay bonds maturing in March 2020

It has a total debt of over Rs 19,000 cr, of which Rs 17,000 cr is from India business and rest from London market, but Lodha exuded confidence that it would become net debt free in the next 2 years

Pledging of shares by promoters: Sebi asks firms to disclose more details

Among the details firms have to furnish are end-use of money and security cover provided

Employees of more companies seem to be looking to buy out promoter stakes

Financial services and asset management firms see such more buyouts

Promoter stake in listed firms at 16-year low

The promoter shareholding in listed companies has dropped to lowest level in almost 16 years. This is on the back of emergence of professionally-managed companies which typically no identifiable promoters. Also, the regulatory diktat on companies to have a minimum 25 per cent public float has contributed to the gradual decline in promoter shareholding. The average promoter shareholding in BSE 500 companies stood at 49.1 per cent for the June 2017 quarter-lowest since December 2001. Promoter shareholding is down 10 percentage points from the peak of 59.1 per cent during December 2007, the peak of the previous bull-run.The declining promoter shareholding is a positive trend for Indian equities as global indices, such as the MSCI Emerging Market index, takes into account only the free-float (non-promoter) holding while computing the weightage for a nation or an individual company. Higher non-promoter holding means higher index weightage as that much more shares are available for the ...