Invest in FDs: Harsh Goenka's advice to Tata Sons
Harsh Goenka, an industrialist, has proposed a hypothetical scenario involving Tata Sons' massive listed equity portfolio. He suggests that if this portfolio, valued at around ₹11.68 lakh crore, were to be invested in fixed deposits or similar relatively safe instruments yielding 6% to 7%, it could generate an annual income of ₹70,000 crore to ₹82,000 crore.
This amount, Goenka notes, could be used for philanthropy and social good, far surpassing Tata Sons' current annual dividend payments of around ₹4,475 crore. However, Goenka is clear that he is not advocating for Tata Sons to sell its equity holdings. Instead, he describes the proposal as a thought experiment for consideration.
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