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Have your cake and eat it too

The curious case of promoters pledging his stake and increasing it too during the same period

Have your cake and eat it too

The classic idiom 'you can't have your cake and eat it too' suggests that two mutually opposite actions can't take place together. But the promoters of Indian companies have always invested their trust in another adage: nothing is impossible. They are eating their cake while also keeping it with them. The table below mentions some companies where promoters have pledged their shares (eating their cake) and are increasing their stake as well (keeping their cake). To the ordinary investor this may seem like a curious occurrence.


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