Now, you can donate listed shares to Mumbais Siddhivinayak Temple

Devotees visiting Mumbai's famous Shree Siddhivinayak Temple can now offer donations to Lord Ganesha in the form of shares or stocks of listed entities in addition to traditional offerings in cash and gold.

The Shree Siddhivinayak Temple on Tuesday tied up with SBICap Securities and Central Depository Services Limited (CDSL) to provide devotees with an electronic platform to make offerings and donations of financial instruments.

"Devotees across the world can now donate to the temple in the form of shares through this facility. This will help in increasing revenue of the temple which will be further used for social cause," PTI reported quoting Shree Siddhivinayak Ganapati Temple Trust's chairman Narendra Murari Rane as saying on Tuesday.

The initiative will initially allow for donations like shares or stocks of listed entities to be made in the electronic format via a demat account set up specially for the temple.

This will be later extended to other financial instruments like mutual funds, bonds and gold exchange traded funds (ETFs).

Rane said the donated shares will be sold on the same day or next day without considering the market conditions, cited the news agency.

Watch the full news video report here-