1. It is a commendable step by SEBI, though a late step that it has made disclosure related to pledging of shares a must by the promoters. This data will help one to know the real percentage of the pledged shares for raising capital and only one thing thereafter to apply is the mind to know that with what purpose these promoters must be using the money raised to progress ahead in life whether for their own means or for the betterment of the company.
2. Thus one has to use this information with discretion as we personally considered Zicom as a nice bet in times of security threat, but in light of its promoters pledging its complete stake is a cause of the concern and one needs to really snoop to know the real motive of the promoters pledging their shares. A number of companies must not have had still complied with SEBI order and they will take some time before this stock market advice becomes real authentic.
Company | Pledged Shares (%) |
Maytas Infra | 100% |
Tata Coffee | 100% |
Tata Steel | 13.5% |
Indian Hotels | 3.5% |
Tata Power | 14.6% |
Tata Teleservices | 95% |
Tata Motors | 28% |
Unitech | 100% |
India Cements | 82% |
Zuari Industries | 70% |
Bombay Rayon | 18.43% |
Nagarjuna Fertilisers | 24.56% |
Ganesh Housing | 30% |
Torrent power | 21% |
Aban Offshore | 8% |
JP Hydro | 60% |
Radaan media works | 23% |
Time Technoplast | 28% (entire stake pledged) |
Micro Inks | 70% |
Ansal Housing | 30% |
Rain Commodities | 21% |
UTV Software | 23% |
Karuturi Network | 22% (entire stake pledged) |
Gujarat NRE Coke | 16% |
Asian Paints | 15% |
Kitply Industries | 35% |
Great offshore | 15% |
Shyam Telecom | 20% |
Dolphin Offshore | 30% |
Jindal Drilling | 26% |
Jubilant Organsys | 13.66% |
SRF | 32% |
Kamat Hotels | 47% |
Ahluwalia Contracts | 18% |
Dhanush Technologies | 34% |
Mascon Global | 52% |
Dhampur Sugar Mills | 18% |
Cranes Software | 27% |
Bil Power | 11% |
Haldyn Glass | 40% |
Karuturi Global | 18% (entire stake pledged) |
Zicom Security Systems | 13% (entire stake pledged) |
MRO-TEK | 38% (entire stake pledged) |
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