Top 5 Companies With The Highest Pledged Shares

In this article, we take a look at the top 5 companies that have the highest pledged portion of shares as a percentage of the total share capital.

However, if we take a look at the pledged position of the company’s equity, we find that 100% of the promoter’s holding are pledged as of Q1FY14. This is equivalent to 93.19% of the total share capital.

Essar Shipping: Essar Shipping is an integrated logistics solution provider, with investments in logistics services, sea transportation and oilfield drilling services.

As of Q1FY14, we find that 99.96% of the total promoter holding of the company’s equity is pledged. This is equivalent to 74.97% of its total share capital.

Essar Ports: This is the second company from the Essar Group that finds itself on our list. Essar Ports develops, owns and operates ports and terminals, and is India's second-largest private sector port and terminal company by capacity and throughput.

At present, 99.72% of the total promoter shareholding is pledged, which makes up 74.76% of the total share capital of the company.

Gokaldas Exports: Gokaldas Exports has four decades of partnering the world's most trusted fashion labels, 30 state-of-the-art factories and 32000 employees.

The promoter holdings are pledged totally, and 68.27% of the company’s total capital is pledged.

Mawana Sugar: Mawana Sugars engages in the manufacture and sale of chemicals and sugar in India. The company is also involved in trading edible oils and soaps. In addition, it engages in the distribution of cane seeds, fertilisers, insecticides, etc.

Out of the total share capital, 66.24% is already pledged as of Q1FY14. Its promoters have pledged 95.76% of their holding in the company.