Pledging of shares by promoters of BSE firms dips

The value of shares pledged by the promoters of BSE-listed companies in the country marginally declined to ~2.61 lakh crore at the end of August compared to the preceding month. The value of pledged shares stood at ~2.64 lakh crore at the end of July 2017. According to data provided by BSE, till August this year, pledging of shares was seen in as many as 3,062 of the 5,100 BSE-listed companies. Share pledging is typically done by promoters to raise funds either in the same company or for financing other projects. PTI<