Nearly 7 companies reported data on pledged shares with financial institutions yesterday. Out of them, Aban Offshore & Shree Renuka promoters have pledged 8% equity; Ganesh Housing & Bhuwalka Steel promoters have pledged nearly 30%, Bilpower promoters nearly 11%, Hind Syntex nearly 5.3% and PVR promoters 2.17%.
Some of the companies where propositions looks risky is Ganesh Housing, where promoters have pledged over 50% of their holding, Bhuwalka Steel 42% of promoters holding and Bilpower nearly 33% of promoters holding.
Aban Offshore promoters have pledged 8.14% equity. Promoter holding at 60.8% as on December. Shree Renuka Sugars promoters have pledged 2.28 crore shares or 8.26% equity. Promoter holding at 41.8% as on December. Ganesh Housing have pledged 98 lakh shares or 30% equity with ICICI Bank. Promoter holding at 57.49% as on December. Bhuwalka Steel promoters have pledged 30% equity. Promoter holding at 70.9% as on December. Bilpower promoters pledged 11.05% stake. Promoter holding at 33.03% as on December. Hind Syntex promoters have pledged 5.33% equity to ICICI Bank. Promoter holding at 35.5% as on December. PVR promoters have pledged 2.17% equity to Axis Bank. Promoter holding at 41.19% as on December.
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