Market 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.