"Share pledge was a key concern last time, with a fear it could lead to a domino effect. If we look at the evolution of share pledges for the group there has been a dramatic drop across companies - this is one area where the group has taken significant action over the last 1.5 years," the brokerage said.
Pledges in Adani Power have reduced from 25% to 1% and from 17% to nil in the case of Adani Ports. Promoter holding is also up across the group (except Adani Energy Solutions due to QIP), especially Ambuja seeing promoter holding go from 63% to 68% due to the warrants, it added.
This story is from the December 04, 2024 edition of Financial Express Mumbai.
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This story is from the December 04, 2024 edition of Financial Express Mumbai.
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