Our two cents, their billions
If you suddenly have thousands of crores staring at you out of your bank account, the entire world becomes your oyster. That’s what industrialists Malvinder Singh (and Shivinder Singh), erstwhile promoters of Ranbaxy Laboratories, and B.K. Modi, former promoter of Spice Telecom, have landed with after selling their businesses in June.
Here are the options they suggested: 50 per cent in PE Fund: “This will offer them a window to capture the emerging opportunities in multiple companies,” says Bandyopadhyay.
Commercial Properties: Reason: Rentals are quite attractive and there is scope for property appreciation over the long term, reason the wealth advisors.
Trust/Foundation: It will serve two purposes. One, it can help plan division of wealth among members of the next generation and, two, build a legacy by helping the society. Will the Singhs and Modi take our sage advice? We don’t think so; but then again, they might!
—Anand Adhikari
