Asian Paints, JSW Steel among 4 Nifty stocks with pledged promoter holding above 5% in Dec qtr

Nifty constituents IndusInd Bank, Apollo Hospitals Enterprises, Asian Paints and JSW Steel are companies with more than 5% of pledged promoter holdings according to a note published by Kotak Institutional Equities. At 50.9%, IndusInd Bank has the highest pledged holdings by a promoter among the Nifty companies. The pledged holding shot up by 5.4% in the December ended quarter vis-a-vis the September quarter.

It is followed by JSW Steel (14.1%), Apollo Hospitals (13.5%) and Asian Paints with pledged promoter shareholding at 14.1%, 13.5% and 9.2%.