- Thursday, March 13, 2025
The documents found during house cleaning belonged to the now deceased shareholder. He had acquired 30 equity shares at ₹10 each, and they are now valued at around ₹1.2 million
By: India Weekly
A RESIDENT of Chandigarh stumbled upon Reliance Industries Ltd (RIL) shares, originally purchased in 1988, during a spring cleaning of his house and this has triggered a social media chatter, says Economic Times.
As per the documents, the now deceased shareholder had acquired 30 equity shares at ₹10 each, and they are now valued at around ₹1.2 million.
The documents were found by Rattan Dillon, a car enthusiast from Chandigarh, who is not so savvy about the stock market. H posted the pictures of the share certificates on X seeking guidance from members.
“We found these at home, but I have no idea about the stock market. Can someone with expertise guide us on whether we still own these shares?” wrote Rattan Dhillon, sharing the image online.
Responding to Dillon’s query, the Investor Education and Protection Fund Authority (IEPFA) explained how he can check the status of his shares.
This triggered a few responses with some members claiming they too have some old shares and whether IEPFA can help. Some cautioned it is very difficult and a painstaking process.
Stock brokerage Zerodha also extended help in understanding the process.
