New Delhi, Feb. 25 -- According to an analysis done by domestic brokerage firm Kotak Institutional Equities, the pledged holdings of BSE-500 stocks declined during the December 2024 quarter. The value of promoter (majority shareholder) pledged holdings, as a percentage of total promoter holdings, fell to 0.84% in the December 2024 quarter from 0.87% in the September 2024 quarter.

The percentage of promoter-pledged holdings was 1.16% in December 2022 and has been on a downtrend since subsequent quarters. It dropped below 1% in the June 2024 quarter and further to 0.87% in the September 2024 quarter.

The analysis revealed that promoters of 69 companies in the BSE-500 index had pledged a portion of their holdings in the December 2024 quart...