Promoters-pledging in BSE-listed firms rises 9% in Dec

The value of shares pledged by promoters of BSE-listed companies reached over ~3 lakh crore in December, an increase of 9 per cent since the preceding month, according to exchange data. The value of pledged shares stood at ~2.78 lakh crore in November-end. It was at ~2.81 lakh crore and ~2.6 lakh crore at the end of October and September, respectively. Till December 2017, pledging of shares by promoters was seen in as many as 3,003 out of 5,066 BSE-listed companies.