Pay 'fair' dividends to minority shareholders: Govt urges firms

COMMENDING THE CENTRAL public sector enterprises (CPSEs) for paying a record dividend relative to their market cap share, department of investment and public asset management secretary Arunish Chawla on Wednesday urged the private sector companies to also pay a 'fair' dividend to reward minority shareholders to create a vibrant market.

- PRASANTA SAHU

With common citizens not reaping the full benefit of the market capitalisation surge of CPSEs in the last couple of years as well as their high dividend payouts, Chawla would be meeting the mutual funds industry next week to impress upon them to include more CPSE stocks in their portfolios.

"We would also nudge private corporates to declare fair dividends to their minority shareholders. So, that, together, we can make our share market a better place for the aam admi (common man)," Chawla said.