Discover and read the best of Twitter Threads about #Pledge

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After the buildup and the crash-course in my last post, here is my post analysing Promoter Financing market in India. The analysis attempts to explain the slowdown in promoter financing in India and brings out some interesting facts. Read on to know more. Thread 1/12
As per BSE data, the aggregate value of promoters' pledged shares was ~1.85 lakh crore as at Aug 23, 2019. In comparison, the value of promoters' pledged shares stood at ~Rs 2.5 lakh crore as at Aug 30, 2018. The fall in pledge levels indicate slowdown in promoter financing. 2/12
An ET article (July 22), observed that 'pledging of shares by promoters of NSE companies dropped to a six-year low'. Another ET article (Aug 15), noted that 'interest rates on loans against shares (LAS) have surged by about 300 basis points in the past 3 months'. 3/12
Read 18 tweets
Thread on the @KotakMF #FMP saga; Attn: @IndiaSebi

Highlight is on an #AMC which, in an FMP, considers it #prudent to reduce the risk, of an asset, by accepting a riskier asset as #security; knowing, the first asset shall mature with the FMP, giving no time to act if defaulted.
We reserve further comment. We shall just answer few questions raised by #investors.

1. FMP has a #fixedhorizon, at the end of which investors expect their money back. Also, they expect not to lose money. Knowing these expectations, who decided to launch the FMP?
Ans:Kotak AMC
2. A high #yield #portfolio may be made in many ways. Risk can be protected by structuring deal in many ways. Who made a portfolio of high #coupon/yield (11%) #debt instruments by lending upto 40% to #borrowers against security of their companies #equity #shares?
Ans: Kotak AMC
Read 23 tweets
At dinner, I learned more about corruption + racism built into society by our masters. A book we discussed (Zinn) was used as part of this "Left" resource's bibliography. I had to share. [A thread]

@BlackSocialists - thoughts on this resource?

historyisaweapon.com/indextrue.html
It very simply lays out the case that we are all being controlled. It covers hidden history of the United States including their (and, due to the systems created by our masters, our) racism. 

#racism #systemicracism #history
If you haven't been in school for a while (or are in a terrible school), some of the words might trip you up. Dictionary.com and Wikipedia.org are two good resources to help you.
Read 39 tweets

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