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The number of companies in which promoters pledged their shares increased to 3,062 at the end of February, from 2,991 in January, according to BSE data.
However, the value of shares pledged by promoters of BSE-listed companies declined 6.88 per cent to ₹2.54 lakh crore (₹2.72 lakh crore), mainly due to a sharp fall in the share prices of most companies. In February, the BSE 500 index fell by 4.3 per cent.
According to the BSE, promoters of 448 companies pledged between 5 and 30 per cent of their holdings, while 154 firms saw 30-50 per cent of the promoters’ holding being pledged in February.
Promoters of 78 companies had pledged 50-75 per cent of their holdings while three firms witnessed their promoters pledging stake between 75 per cent and 90 per cent.
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