Now a demat account in God Balaji’s name

HAPPENSdematTo simplify and ease the tedious task of accepting physical share certificates placed in Hundis, the Tirupati Trust has now opened a demat account in the name of Balaji, the world’s richest god, in order to enable devotees to donate shares and securities. The account has been opened with the Stock Holding Corporation of India.

According to PS Reddy CEO of the Central Depositories Service the Tirumala Tirupati Devasthanams (TTD) had been receiving physical share certificates and decided a demat account would certainly help devotees.

A TTD official refused to divulge details on the quantum and value of shares received thus far.