Promoters pledge Rs 2.45 lakh crore shares of BSE-listed firms

Mumbai June 5 (IANS) Stock exchange major BSE on Monday disclosed that Rs 2.45 lakh crore worth of shares have been pledged by promoters of companies which are listed on its indices.

According to the BSE as on May 31 2017 out of the total 5 269 companies which are listed on the BSE promoters of 3 072 firms have pledge a portion of their holding at the BSE.

Percentage-wise promoters of 4 435 firms have pledge less than 30 per cent of their holding at the BSE. Besides promoters of 145 companies have pledge between 30-50 per cent of their holding.

Only promoters of 73 firms have pledge between 50-75 per cent of their holding.

The total market capitalisation of companies listed at the BSE stood at Rs 125.75 lakh crore as on May 31 2017.

--IANS
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