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.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.