Business EconomyPosted at: Jul 20 2016 4:15PM

Siddhivinayak to start Demant a/C to accept share as donation

Mumbai, Jul 20 (UNI) Shree Siddhivinayak Ganapati Temple will now accept shares as donation and has opened a demat account to help followers donate equity shares and other securities.
The CDSL demat account has been opened with SBICAP Securities Ltd in the name of Shree Siddhivinayak Ganapati Temple Trust (Prabhadevi) Mumbai, which manages the famous Siddhivinayak Temple.
The temple figures among the wealthiest in the country with huge cash and gold holdings donated by the devotees.
''We want to send the message that we accept shares as well,'' Narendra Murari Rane, the chairman of the trust, said at a press conference held by SBICAP Securities Ltd at the temple yesterday.
''This will lead to more donations for the trust, which can be used for social causes,'' he added. He said the temple trust would not hold the shares but sell them the same day or the next day, irrespective of market conditions.
Rane said that they got the idea from Tirumala Tirupati Devasthanams which opened a demat account last year , which is reportedly receiving encouraging response from devotees.
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