MUMBAI: A bunch of top companies is hanging on to almost ₹1 trillion of free cash that it has yet to find a use for, according to an analysis done by a proxy advisory firm.
A report by Mumbai-based IiAS (Institutional Investor Advisory Services) of the Sensex 500 companies—with a few exclusions—shows that 66 of these companies collectively held ₹2.7 lakh crore in cash and equivalents at the end of FY24.
Of this amount, ₹99,100 crore remains unallocated for any purpose after accounting for capital investments or acquisitions.
IiAS says these funds could be returned to investors through dividends or share buybacks, and raises questions over their dividend distribution policies.
This story is from the January 01, 2025 edition of Hindustan Times Uttarakhand.
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This story is from the January 01, 2025 edition of Hindustan Times Uttarakhand.
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