Tata Sons pays Rs 4,475 crore in annual dividends; hypothetical investment could generate Rs 82,000 crore for philanthropy, says Harsh Goenka
RPG Enterprises Chairman Harsh Goenka shared a hypothetical thought experiment on X regarding Tata Sons. He noted that selling Tata Sons' Rs 11.68 lakh crore listed equity portfolio and reinvesting in 6-7% safe yield instruments could generate up to Rs 82,000 crore annually for philanthropy, compared to its current Rs 4,475 crore dividend.
Key Takeaways
- RPG Enterprises Chairman Harsh Goenka shared a hypothetical thought experiment on X regarding Tata Sons.
- He noted that selling Tata Sons' Rs 11.68 lakh crore listed equity portfolio and reinvesting in 6-7% safe yield instruments could generate up to Rs 82,000 crore annually for philanthropy, compared to its current Rs 4,475 crore dividend.
- Full details and original dispatch available below.
RPG Enterprises Chairman Harsh Goenka shared a hypothetical thought experiment on X regarding Tata Sons. He noted that selling Tata Sons' Rs 11.68 lakh crore listed equity portfolio and reinvesting in 6-7% safe yield instruments could generate up to Rs 82,000 crore annually for philanthropy, compared to its current Rs 4,475 crore dividend.
Original Publisher Attribution
This summary was curated from Economic Times.