25.08.2011 - India: Realty promoters' share pledging rises
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 promoterís pledging on a quarter-on-quarter basis..............................................Full Article: Source
Print