Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, and personal needs and fund other ventures or acquisitions.
Shruti Shibulal, daughter of Infosys co-founder SD Shibulal, purchased Infosys shares worth Rs 494 crore through an open market transaction. She bought 29,84,057 shares at
The RBI reported a moderation in net sales growth of select FDI companies to 9.3% in 2023-24 from 20.3% the previous year, attributed to the
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