July 18, 2010

Dvidend windfall for promoters in India

It is raining dividends for promoters in India. Details of top 10 beneficiaries and dividend payouts in the private sector:

Ratan Tata - Tata Sons - Rs.3413.68cr **

Mukesh Ambani - Reliance Ind - Rs.1024.74cr

Azeem Premji - Wipro - Rs.700.58cr

BM Munjal - Hero Honda - Rs.636.14cr

Rahul Bajaj - Bajaj Auto - Rs.287.15cr

Anil Ambani - Rcom, Rcap & Rel Infra - Rs.278.87cr

Narayana Murthy - Infosys - Rs.230.21cr

Kalanithi Maran - Sun TV - Rs.227.59cr

Dilip Sanghvi - Sun Pharma - Rs.181.45cr

Sunil Mittal - Bharti Airtel - Rs.172.55cr

** Tatas with 3.2 lakh crore in sales were the biggest beneficiaries with dividend doubling to Rs 3,833 crore. But these mostly belong to trusts and very little into the personal account of its chairman Ratan Tata.