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India: Realty promoters’ share pledging rises

Posted on 25 August 2011

As real estate stocks continue to fall, some promoters are having a difficult time keeping pace with the loans they raised, with financial institutions (FIs) seeking more pledging against the amount.
Parsvnath Developers Ltd (PDL), the North India-based realty company promoted by Pradeep Jain, has seen a jump in the promoter’s pledging on a quarter-on-quarter basis……………………………………….Full Article: Source


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