A person suddenly gets a document in his house, he does not understand what he is. The person shared the message on the social media platform 'X' and sought the help of experts. After all, what can happen to this document?
Let me tell you the whole news, a user named Rattan Dhillon shared two documents on X, 'We have found these papers from home, but I have no knowledge of the stock market. Can an expert advise us or is still useful?
In fact, Rattan Dhillon has shared two documents on social media that 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, priced at Rs 10 per share. But these documents are about 30 years old, and there was no digital format at the time, the same bond shares were issued on the purchase.
That is, Ratan's family bought about 30 shares of Reliance Industries about 30 years ago, which the document states. But now the question is, what is the price of this stock at this time? One user commented and said that RIL shares have been divided into 3 times in the last 30 years and have been given twice a bonus, according to which the number of stocks should increase to 960. If the current RIL is multiplied with the price, the price comes around Rs 11.88 lakh.
That is, about 30 years ago, Ratan Dhillon's family bought 30 shares of RIL for about 300 rupees, which has now increased to Rs 11.88 lakh. In fact, such cases continue to come up, one's grandfather or father bought shares in a physical format, and family members were not aware of it. After many decades, the son and grandson received the document by cleaning the house or some other way, which has reached crores.
As you can tell, the previous shares were purchased only in physical form and there were very few people who invested in the stock. But almost two decades ago, the stock market has become rich today.
Many users have made funny comments after seeing the paper share, one wrote that you won the lottery, you have become millennial overnight. The other user wrote, 'You have a concert brother.' One user wrote, 'Ratan Bhai, still find, who knows, some papers of MRF shares may come out.
It is worth mentioning that Rat will first have to transfer this document to a digital form, for which he has to submit the documents of the person and his family members. The stock will then be transferred to the demat account. After which the family can get him cash.
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