Mumbai: The management of the city's famous 'Siddhivinayak' Temple, dedicated to Lord Ganesh, has announced that the temple trust will now accept shares as donations.
Narendra Rane, the chairman of the Siddhivinayak Temple trust, said, ''We want to send the message that we accept shares also."
Rane made the announcement while addressing a press conference on Tuesday.
The Ganesh temple, which has lakhs of followers, has opened a Demat account to enable devotees to offer shares of listed companies.
The trust has opened a demat account through SBICAP Securities Ltd, a wholly-owned subsidiary of SBI Capital Markets, said a report by India Today.
Initially the electronic platform will only allow donations like shares of listed entities. Later it will extend to other financial instruments including mutual funds, bonds and gold exchange traded funds.
A demat account allows devotees to directly transfer the shares to the temple's account.
Devotees can avail of this opportunity from anywhere through the electronic platform.