Rattan Dillon, a car enthusiast from Chandigarh, recently stumbled upon an unexpected treasure while spring cleaning—physical copies of Reliance Industries Limited (RIL) shares bought in 1988.
According to the documents, the original shareholder, now deceased, had purchased 30 equity shares at Rs 10 each. The individual, unfamiliar with the stock market, sought advice from their social media followers.
Several followers responded with their assessments of the stock’s current worth. One person calculated that after three stock splits and two bonuses, the holding had grown to 960 shares, with an estimated value between Rs. 11 and 12 lakh, sparking a wave of humorous reactions from others.
Responding to the photographs, one user Tiger Ramesh calculated the worth of the shares and wrote,” Rough approximate calculations: Total initial shares = 30. After 3 splits and 2 bonuses, it should be 960 shares today. Today’s value approximate Rs 11.88 lakhs.”
While another wrote,” Oh bhai lottery lag gayi apki. Isko remat form se demat karva lo. Need help toh just dm me.”
Another user came up with even more funny suggestion,”Rattan bhai aur acche se ghar chaan maro, kya pata MRF ke bhi nikal aayein kuch shares…😍.”
Rattan’s comment box is full of valuable and funny suggestions. One such comment is- “Yeah! You have to email them, with the attached proof, and they have their process to credit these to your Demat. You’ll need to bring these to their office for verification, and then they will credit these shares digitally to your demat, the total ones after splits etc.”