IDFC First Bank CEO gives $500k shares to home help

The chief executive officer (CEO) of IDFC First Bank gifted $530,000 worth of shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy. V Vaidyanathan gave 900,000 shares or 3.7% of his holding in the private sector lender. The recipients will use the funds to buy homes, according to an exchange filing.

from Times of India https://ift.tt/bkCPuNo