Yes, true..they are revised every quarter.. but it is confirmed that no promoter shares were pledged as per end of June quarter.
This news is also two three weeks old and hence it is highly unlikely that the promoters pledged their shares July onwards and within a month Religare created trouble for them, as even when shares are pledged there is some kind of understanding between two parties and again , its highly unlikely that all this has happened.
The other scenario is that promoters pledged shares and within a few days , Prannoy Roy ( considered a respectable promoter) and Malvinder Singh (considered a respectable promoter) had a fight/tiff and one of them backed out of some part of pledging deal and now malvinder decides that he will take over NDTV... my logic does not hold this to be true.
BUT, in case, the news even 1 percent is true, i would think its good for the NDTV shareholder, isnt it.. Malvinder singh is rich and even if he takes over NDTV, he will be taking over promoters stake and if he takes more than 15 percent, then he will have to come up with an open offer. Now we know Malvinder Singh is cash RICH.. so i dont see a problem either way.
best wishes,
samir.