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There are 88 companies that can pay about ₹27,600 crore in dividends, proxy advisor IiAS has found, based on its study of the FY16 financials of BSE 500 companies. This is higher than the amount of ₹21,300 crore IiAS identified in its 2016 study (based on FY15 financials). “We believe SEBI’s requirement of an articulated dividend policy will force companies to think more deeply about dividend payouts,” the advisory said.
As many as 88 listed companies can pay dividends worth Rs 27,600 crore but many continue to hold cash stockpile, according to proxy advisory firm IiAS.
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