When we least expect it, luck can strike, but it requires a sharp eye to see its worth.  This is just what occurred to Rattan Dhillon, who discovered an old document while tidying up his house and discovered it was extremely valuable. Old physical shares of reliance Industries Limited (RIL) that had been overlooked for almost 40 years were found by auto enthusiast Rattan Dhillon.
 
According to the share certificates, a deceased individual originally bought 30 equity shares in 1988 for Rs. 10 apiece.  RIL shares are already trading at more than Rs 1,200 a share, according to financial experts.  Dhillon, who is not knowledgeable about the stock market, asked for advice on what to do with the shares on the social media site X.
 
At nine in the morning on march 11, his post went viral and had over a million views.  He was able to determine the shares' current value with the assistance of other people who replied. 

The Investor education and Protection Fund Authority (IEPFA) responded to Dhillon's inquiry by offering instructions on how to verify the status of his shares.  To find out if the shares were still in his name or if they had been moved to the IEPFA since they were unclaimed, they advised using the search function on the IEPFA website.  The top stock brokerage in India, Zerodha, also provided help in comprehending the process.
 
The ownership had grown to 960 shares, estimated to be worth approximately Rs. 11-12 lakh, following several stock splits and bonus issues over the years.
 
One user, tiger Ramesh, provided a rough breakdown, stating: "Initially 30 shares. After three splits and two bonuses, it should be 960 shares now. Today's approximate value: Rs. 11.88 lakh."

Others chimed in with advice. One suggested, "You've hit a jackpot! Get these converted to demat form. DM me if you need help." Another humorously commented, "Rattan bhai, check your house properly who knows, you might find some MRF shares too! "

Several users also guided Dhillon on the process of converting physical shares to wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital format. One explained, "You need to email the company with proof. They'll verify the documents, and once approved, the shares will be credited to your demat account."
 
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SIBY JEYYA

13/03/2025 07:54 AM