Bonanza for shareholders! 60 BSE 500 firms can return Rs 88,600 cr: IiAS

The 60 companies, of which nearly a third are MNCs can return a median of 52 per cent of their total cash to shareholders

There are 60 companies among the S&P BSE 500 group that can return Rs 88,600 crore of surplus cash in their balance-sheet to shareholders based on conservative estimates, which is just about one-third of their aggregate on-balance-sheet cash on March 31, 2019, reveals the latest study by governance firm Institutional Investor Advisory Services (IiAS). The estimates are based on numbers for financial year 2018-19 (FY19).

The 60 companies, of which nearly a third are multi-national companies (MNCs) can return a median of 52 per cent of their total cash to shareholders. There are ten companies that can distribute over 75