Man Discovers 37-Year-Old Reliance Shares Bought for ₹30, Now Valued at ₹12 Lakh
A Chandigarh-based auto enthusiast and rally driver, Rattan Dhillon, recently made an astonishing discovery when he uncovered two old share certificates for Reliance Industries Limited at his home. The certificates, issued in February 1987 and December 1992 for 20 and 10 shares, respectively, marked his past investment in the company that is now headed by Asia’s richest man, Mukesh Ambani.
A Chandigarh-based auto enthusiast and rally driver, Rattan Dhillon, recently made an astonishing discovery when he uncovered two old share certificates for Reliance Industries Limited at his home. The certificates, issued in February 1987 and December 1992 for 20 and 10 shares, respectively, marked his past investment in the company that is now headed by Asia’s richest man, Mukesh Ambani.
Dhillon, who admits to having little knowledge of the stock market, turned to the online community for guidance. Posting on the social media platform X (formerly Twitter), he shared pictures of the certificates and asked for advice on whether he still owned the shares. His post quickly garnered attention from the public, with many offering their insights.
A fellow X user responded to Dhillon’s post with an approximate value calculation for the shares. After factoring in three stock splits and two bonus issues, the 30 shares that Dhillon initially purchased were estimated to have grown into 960 shares. With Reliance Industries’ stock closing at ₹12,500 on Wednesday, the shares are now valued at over ₹12 lakh.
Following Dhillon’s inquiry, the government’s Investor Education and Protection Fund Authority (IEPFA) intervened, informing him that if the shares remained unclaimed for an extended period, they might have been transferred to the IEPF. The authority advised Dhillon to check using the newly introduced Search Facility on the IEPF portal. However, when Dhillon did not receive a result, IEPFA requested his folio and contact details for further assistance.
The renowned Indian stock brokerage platform Zerodha also reached out to Dhillon, offering help in verifying the status of his shares and ensuring that the potential value was properly secured.
The discovery sparked a flood of amusing and congratulatory responses from X users. One user exclaimed, “Oh bhai, lottery lag gayi apki” (My brother, you hit the jackpot). Another suggested that Dhillon should avoid converting the shares into demat format, recommending that he keep them in remat to resist the temptation of selling them in the short term. “Bhai, you are a lakhpati now” (Brother, you are a millionaire now), another user commented.
Some users even playfully encouraged Dhillon to continue searching his home for other valuable finds, with one saying, “Rattan bhai, aur acche se ghar chaan maro, kya pata MRF ke bhi nikal aayein kuch shares” (Rattan, search your house more. You might just find MRF shares too).
Dhillon’s post has captivated the online community, offering a glimpse into the unexpected rewards that come with a forgotten investment in one of India’s largest conglomerates. While he continues to explore his options for claiming the shares, the story serves as a reminder of the potential windfalls hidden in forgotten assets.
Sources By Agencies
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