Listed CPSUs to pay file Rs 1.26 trillion fairness dividend for FY24 | Information

Led by a pointy surge in payouts by oil-marketing firms and public-sector lenders, together with banks and Life Insurance coverage Company, central public-sector undertakings (CPSUs) will fork out an all-time excessive fairness dividend of round Rs 1.26 trillion in FY24, up 28.7 per cent from round Rs 97,750 crore in FY23.

This contains the interim dividend paid by listed CPSUs within the first three quarters of FY24.

Almost 60 per cent of this dividend will go to the central authorities because the promoter’s share. Because of this, the central authorities is predicted to earn Rs 76,166 crore, up 28.2 per cent from the Rs

First Printed: Jun 01 2024 | 12:35 AM IST