Pledging Shares News Today

Sebi currently considers pledging securities of portfolio companies by AIFs to enable investee businesses to avail bank finance as indirect borrowing and prohibits category I and II AIFs from entering into such arrangements

When a corporation reacquires its own shares, those shares are restored to the status of authorized but unissued shares, unless the articles prohibit the reissuance.   Thus, it seems that any shares held by the corporation will be unissued and thus in the title of no one.