Promoters trim nearly $7 billion in share pledges riding buoyant equity markets

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Promoters trim nearly $7 billion in share pledges riding buoyant equity markets Mint’s analysis reveals a net decline in promoter pledges across sectors including energy, infrastructure, IT, pharmaceutical, and retail.Jindal Stainless, Jindal Steel, Adani Power, Vedanta, Suzlon Energy, and Tata Motors witnessed significant decreases in pledged holdings in FY24