Mumbai's electoral bond love: 66 companies collectively bought Rs 1,344 crore of poll bonds since 2019

Posted on:
Key Points

Sixty-six companies in the Mumbai region have collectively bought now-banned electoral bonds worth Rs 1,344 crore since 2019..

This makes up 11% of all bonds bought in India, according to an analysis by TOI...

Contributions to the political parties via electoral bonds varied from Rs 2 lakh to Rs 410 crore..

The analysis by TOI did not cover bonds bought by individuals in Mumbai or a few companies for which registration details were not readily available...

Qwik Supply Chain Private Ltd from Navi Mumbai was the top contributor with bonds worth Rs 410 crore...

You might be interested in

Four financial service firms purchase electoral bonds worth Rs 123 crore

14, Mar, 24

New Delhi, Mar 14 (PTI) Financial services firms like Bajaj Finance, Piramal Enterprises, and Edelweiss Group together purchased electoral bonds worth Rs 123 crore between April 1, 2019 and January 2024. Piramal Enterprises, PHL Finvest Pvt Ltd and Piramal Capital and Housing Finance bought bonds worth Rs 60 crore during the period. It was followed […]

At over ₹4000 crore, Mumbai leads in electoral bond sales, Delhi tops in encashment

16, Feb, 24

At ₹4,009.4 crore, country's financial capital Mumbai contributed about 24 per cent of the now-scrapped Electoral Bonds worth ₹16,518 Crore sold across cities in India until January, 16,982 bonds worth ₹10,402 Crore were redeemed in New Delhi in the same period

Electoral bond data released: Here's a complete list of donors who contributed Rs 10 crore or more

15, Mar, 24

The Election Commission has released detailed data on electoral bonds, sourced from the State Bank of India (SBI), following a Supreme Court deadline. The information reveals major buyers, including industrialists like Lakshmi Mittal, Sunil Mittal's companies, Vedanta, ITC, and Mahindra and Mahindra. Future Gaming and Hotel Services, under ED scrutiny, bought bonds worth over Rs 1,350 crore. Vedanta Ltd, Sunil Mittal's companies, and others also made significant purchases. The BJP, Congress, and several other parties received donations through these bonds, aiming to enhance transparency in political funding.

Electoral bonds: The curious case of Madanlal Ltd’s donations

17, Mar, 24

The now-scrapped electoral bonds scheme did away with norms on how much a company could donate, how it could donate and how it needed to report such donations. That spurred small nondescript firms into action.

Electoral Bonds: TMC leaves behind Congress in donations; key takeaways

15, Mar, 24

The Bharatiya Janata Party (BJP) redeemed bonds worth ₹6061 crore.  | Latest News India