right to invest 2

continuation from the previous blog

Is it right when millions are practically starving in our country. You decide, after you calculate the present value of the holdings our President is holding in these companies .Few simple steps will help you to calculate it.

1.visit www.bseindia.com

2.login

3.go to company filing /shareholding pattern./select any public sector company

4.find the number of shares held by govt of India/President of India

5.multiply today's market price with the number of shares.

for eg.

sail(steel authority of India)number of shares held by Govt of India
3,544,690,285 multiplied by 159 (last traded price as on 3nd july 2009)
you will be astonished to see that it is worth
56360,57,55,315.00 (fifty six thousand three hundred and sixy crores fifty seven lakhs fifty five thousand three hundred and fifteen only)

85.83 % is held by just one holder while the balance 14% is held by more than 35lakh people.

is it not sufficient to eliminate poverty from our country.

think and help me to calculate the other psu companies worth held by the President of India.

help eliminate poverty by disinvestment in favour of millions.

To be continued.