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

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

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

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