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.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings