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Founders’ Share Pledges to Banks at Record High: Corporate India

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Founders’ Share Pledges to Banks at Record High
A customer carries a shopping bag at a Pantaloons department store, operated by Pantaloon Retail India Ltd., at Ambience Mall in New Delhi. Photographer: Graham Crouch/Bloomberg

June 19 (Bloomberg) -- Holders of companies that form the BSE-500 Index, including Pantaloon Retail and United Spirits, pledged 10.4% of their stakes in March quarter vs 9.4% Y/y, according to ICICI Securities. * Percentage of holdings pledged by owners was most in

textiles, tourism and real-estate sectors in March quarter,

Kotak Institutional Equities writes in June 8 report Story: NSN M5URLD6TTDS5 <GO>

For Related News and Information: Top India news: TOP INDIA <GO> Most-read stocks stories: MNI STK <GO> Best and Worst Sensex stocks: SENSEX <Index> MRR <GO> BSE500 Relative Value: BSE500 <Index> RV <GO>

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