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The devil in promoters’ pledges is in the details

Updated : February 25, 2019 11:23 AM IST

This might be a good time to take a closer look at the pledged shares phenomenon and what’s good, bad and ugly about it.
A high promoter pledge can be both good and bad, as can low promoter leverage—you need to look behind the pledge to decide.
The devil in promoters’ pledges is in the details

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