One among them is Tree House Education, in which promoter share pledge stood at 99.45 per cent as of March 31. The promoter stake in the company has fallen from 29.75 per cent in Q4 of FY15 to 20.54 per cent in Q4 of FY16.While pledging shares, promoters retain their ownership. If the promoters fail to provide more shares, the lender will be left with no option but to sell the pledge shares," said Rohit Gadia, Founder & CEO, CapitalVia Global Research. The stocks have fallen between 25 per cent and 48 per cent since April 1, 2015. At the end of Q4 of FY15, the percentage was a mere 28.66 per cent.

Source: Economic Times May 15, 2016 23:36 UTC