Tanmay Motiwala, a doctor from Chandigarh, stumbled upon a treasure trove of forgotten shares belonging to his grandfather. These shares, purchased for a mere Rs 500 in 1994, turned out to be bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india (SBI) shares. Motiwala shared this remarkable discovery on social media, sparking widespread curiosity about their current value.
In his post, Motiwala revealed that the shares, long forgotten by his family, were rediscovered while organizing their property documents. Upon further investigation, it was revealed that the value of the Rs 500 investment had skyrocketed by 750 times, reaching an impressive Rs 3.75 lakh.
However, the process of converting these physical shares into dematerialized (demat) form proved to be a challenge. According to SEBI regulations, physical share certificates must be converted into electronic format for trading or transfer. Motiwala acknowledged the complexity of this process, stating that they required assistance from a consultant and encountered delays.
Despite the newfound wealth, Motiwala expressed no immediate plans to sell the shares. His post garnered significant attention, with many users offering interesting insights and anecdotes. One user compared the value of the shares to the purchasing power of a small car, highlighting the significant growth in investment over the years. Another shared a personal story of inheriting sbi shares from their grandfather, kickstarting their journey in equity investment.
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