Kind Bank CEO Wows his Driver and Househelp, Gifts Them N208m in Shares

Kind Bank CEO Wows his Driver and Househelp, Gifts Them N208m in Shares

  • A bank Chief Executive Officer identified as V. Vaidyanathan has transformed the lives of his personal staff in a rare philanthropic gesture
  • Vaidyanathan gifted his driver and house helps $500,000 (N208 million) worth of shares that he owns
  • The 54-year-old's unusual gift is not only going to help them attain financial independence but get them houses of their own

In what is an unprecedented display of kindness, a bank Chief Executive Officer named V. Vaidyanathan has gifted his driver and househelp a portion of his shares.

The Infrastructure Development Finance Company Limited (IDFC), India executive officer gave out $500,000 (N208 million) in shares to his office and home personal staff of his own volition, Bloomberg reports.

Kind bank boss changes the lives of his driver and househelp, gifts them N208m shares
He is famed for his philanthropic gestures Photo Credit: Bloomberg
Source: UGC

The shares Vaidyanathan gave out amounts to 3.7% of his holding in the private sector business.

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Legit.ng gathered that the beneficiaries of the CEP's kind gesture are expected to purchase homes with their shares.

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He is a serial philanthropist

According to Bloomberg, the 54-year-old banker is famed for his unusual philanthropic deeds to people and had given out roughly 38% of his shares since January 2018.

In 2020, the banker was reported to have gifted his former mathematics teacher an undisclosed item. It is said that the teacher helped him financially during his school days.

Rich woman ignores relatives as she transfers her wealth to a man who served her for 25 years

Meanwhile, Legit.ng previously reported that a rich woman had transferred her wealth to a man who served her for 25 years and ignored relatives.

The rich woman named Minati, in her will, transferred her 3-storey building, gold ornaments and all her assets worth Rs 1 crore (N55.5 million) to Budha Samal.

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Minati who hails from Sambalpur in India had tied the knot with her lover Krishna Kumar Patnaik.

Tragedy however struck as her husband would pass away in 2020 and her daughter also kicked the bucket in 2021. Budha and his family were said to have been Minati's comfort through her grieving moment as they stood by her. It was said that she was left alone by her relatives.

Source: Legit.ng

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