Pledging of shares is one of the options that the company promoters use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. A promoter shareholding in a company is used as collateral to avail of a loan. Here’s is a list of 7 largecap stocks from the Nifty200 index firms where promoter pledges declined in Q1 FY25, according to StockEdge data:
Govt prioritising lower denomination notes and digital transactions: Sitharaman
Union Finance Minister Nirmala Sitharaman emphasized the government’s focus on promoting lower denomination currency and increasing digital transaction awareness. With the Rs 2000 note nearly