A person suddenly got a document in the house, he has not understood what this is? The person shared on the social media platform ‘X’ and sought help from the experts. After all, what can happen to this document?
Let us tell the whole news, a user named Rattan Dhillon shared two documents on X and wrote, ‘We have met these papers at home, but I have no information about the stock market. An expert should advise us whether we still have these shares?
Actually, Rattan Dhillon has shared two documents to buy shares. It is written in the paper, his family bought 30 shares of Reliance Industries Limited (RIL) between 1987 and 1992. First bought 20 shares in 1987 and then 10 shares in 1992, which was priced at Rs 10 per share at that time. But these documents are about 30 years old, and there was no digital format at that time, similar bonds were issued on buying shares.
That is, Ratan’s family bought about 30 shares of Reliance Industries about 30 years ago, which is telling the documents. But now the question arises that what is the cost of this stock at this time? One user commented that in the last 30 years, RIL shares have given 3 splits and twice bonuses, in that date, the number of shares should be increased to about 960. If you multiply from the price of the current RIL, then the price is about 11.88 lakh rupees.
That is, about 30 years ago, the family of Rattan Dhillon bought 30 shares of RIL for about Rs 300, now the price has increased to Rs 11.88 lakh. Actually, such cases keep coming up, someone’s grandfather or father bought shares in physical format, and the family was not aware of this. After several decades, the son-granddaughter got the documents of the house or in some other way, the price of which has reached crores.
Let me tell you, earlier shares were purchased and sold in physical form, and very few people used to invest in shares. But about two decades ago, those who invest in the stock market have become rich today.
Many users have made fun comments by looking at the share paper, one has written that your lottery has been installed, you became a millionaire overnight. Another user wrote, ‘Your pleasure is brother’. One user wrote, ‘Sieve Ratan Bhai and the house well, do you know some papers of MRF shares also came out.
It is worth noting that Ratan will first have to transfer this document to digital form, for this, for whose name these shares are there, their documents and family documents will have to be submitted. Then these shares will be transferred to Demat Account. After which the family can get it cash.
