‘75 BSE 500 cos can pay Rs 1.1 tn to shareholders’
   Date :22-Apr-2019

AS MUCH as 75 cash-rich companies in the BSE 500 index can distribute a whopping Rs 1.1 lakh crore to their shareholders as dividend or buyback, finds an industry report. The findings by advisory firm Institutional Investor Advisory Services India (Iias), is based on FY18 financial statements of the BSE 500 companies. In its 2018 study, based on FY17 financials, the proxy advisory firm has identified 92 companies that can pay incremental dividends of Rs 34,000 crore.
“This Rs 1.1 lakh crore equals the aggregate post-tax profit reported by 75 companies and is in addition to the Rs 62,100 crore they had paid out in FY18 as dividend,” the report said.