This Chandigarh man stumbles upon Reliance shares from 1988, worth lakhs. He has no clue what to do | Stock Market News

A Chandigarh-based man has discovered physical shares of the Reliance Industries Limited (RIL) worth ₹11 lakh after around four decades.

Rattan Dillon, a car enthusiast, found the Reliance shares at his home while spring cleaning.

According to the share documents, 30 equity shares of Reliance Industries Limited were bought at ₹10 each in 1988 by an individual who is now no more.

Dillon, unfamiliar with the stock market, shared the RIL shares documents on social media platform X, seeking advice about it.

The post since created at 9 AM on March 11 has gone viral, garnering more than 1 million views.

Several users responded to Dillon’s request, with one person calculating shares’ total value, after three stock splits and two bonuses, between Rs. 11 and 12 lakh. The stockholding had grown to 960 shares.

A user Tiger Ramesh wrote: “Rough approximate calculations: Total initial shares = 30. After 3 splits and 2 bonuses, it should be 960 shares today. Today’s value approximate ₹11.88 lakhs.”

Another user said: “ Oh bhai lottery lag gayi apki. Isko remat form se demat karva lo. Need help toh just dm me.”

“Rattan bhai aur acche se ghar chaan maro, kya pata MRF ke bhi nikal aayein kuch shares…😍,” third user commented.

Another user advised:  “Yeah! You have to email them, with the attached proof, and they have their process to credit these to your Demat. You’ll need to bring these to their office for verification, and then they will credit these shares digitally to your demat, the total ones after splits etc.”