Based on FY18 financial statements of the BSE 500 constituents, IiAS’ study this year identifies 75 that can return cash of up to Rs. 1.1 trillion to shareholders. These companies have large cash holdings and can distribute about half of their on-balance-sheet cash (including cash equivalents) to shareholders, as dividends or buybacks. The cash available for distribution approximates one year’s profit after tax for these companies. IiAS study of the BSE 500 companies FY18 fin

Investors are getting increasingly concerned with CEO remuneration levels in Corporate India. A recent IiAS study reveals that median CEO pay of BSE 500 companies has outpaced corporate performance over the past five years. Investors are voicing their opinions through their votes – it is time boards listen to this outcry. Indian companies are not of the same size as the S&P 500 constituents, but they seem to be emulating global pay standards. While we don’t have a Nikesh Aror

Prabhat Diary Limited’s (Prabhat), is selling its dairy business to Groupe Lactalis, a French dairy company. The postal ballot seeking approval for the transaction was on 26 March 2019. If a ‘promoter’ has decided to exit a business, the shareholders are usually the last to ask them to continue to run it and certainly not the institutional investors. Yet 99.52% of the institutional investors who cast their vote, voted against the sale. This transaction holds lessons for manag