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Savvy Investors Swap Shares for Lavish Perks at AGMs
26 Aug
Summary
- Buying one share of Indian Hotels secured entry to Taj Mahal Palace AGM with free Rs 3,000 lunch
- Shareholders of Vikas Proppant & Granite Ltd. got free one-night stay at ITC Jodhpur
- Perks often outweighed the investment, according to the CA's post
According to a recent viral post on X, a chartered accountant named Dhanesh Gianani has reminisced about the "golden days" of "real value investing" in India. In his post, Gianani recalls how, years ago, buying just one share of Indian Hotels for around Rs 100 was enough to secure entry to the company's annual general meeting (AGM) at the iconic Taj Mahal Palace in Mumbai. The real payoff, he wrote, was not the share itself, but the complimentary lunch buffet worth nearly Rs 3,000 at the luxury hotel that came with it.
Gianani also pointed to the shareholders' meeting of Vikas Proppant & Granite Ltd., where investors were treated to a free one-night stay at ITC Jodhpur, complete with meals. He underlined how the perks often outweighed the actual investment, making it a savvy move for investors.
The post has struck a chord with many, highlighting the bygone era when investing in certain companies came with lavish benefits that went beyond just the share price appreciation.
