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Cash heap spurs call for buybacks and dividends
Hindustan Times Noida
|January 01, 2025
HCL, BHARAT ELECTRONICS, LTIMINDTREE, SIEMENS, AND SUN TV LEAD WITH ₹46,870 CRORE IN COMBINED CASH RESERVES
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.
This story is from the January 01, 2025 edition of Hindustan Times Noida.
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