‘Dhirubhai Ambani’s sign gone waste’: Man who hit JACKPOT in Mukesh Ambani’s shares opts out due to…
GH News March 16, 2025 03:06 AM

Rattan Dillon who hails from Chandigarh recently made headlines after he found the old physical shares of Reliance Industries that he had purchased in 1998. These shares were bought by a now-deceased family member for Rs 10 per share. Rattan had no knowledge of the share market and was confused about what to do. He shared a picture on the internet and requested people to help determine who owned these shares.
Initially Rattan Dillon chose not to claim the money. On his post Rattan expressed his disappointment about the lengthy procedure of digitise the physical shares. Initially he was thrilled to digitise the share but later learnt that it required a lot of paperwork. He announced that he is dropping the idea of digitising the shares. Taking to X he wrote It seems Dhirubhai Ambani’s signatures will go to waste as I’ve decided not to proceed with digitising the shares. The process is just too lengthy—obtaining the legal heir certificate alone takes 6-8 months and the IEPFA process reportedly takes 2-3 years. I don’t see the value in investing so much time. India really needs to streamline its paperwork.
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?😅@reliancegroup pic.twitter.com/KO8EKpbjD3
— Rattan Dhillon (@ShivrattanDhil1) March 11 2025
One user informed Dhillon that IEPFA process takes a few months not 2-3 years… For that amount a little running around should be fine I guess.
Other users suggested him outsourcing the paperwork: Get a company secretary to do all this. Get a lawyer to obtain the heirship certificate. You don’t have to move an inch from the comfort of your home. Trust me this is easy.
Some individuals have proposed that stock splits and bonuses throughout the years may have significantly increased the value of the shares prompting them to ask Dhillon to verify the exact quantity he possesses. One commenter noted Obtaining a legal heir certificate will require one week while the IEPFA process could take six months. Additionally these are not the sole shares—Reliance has issued bonuses which would have resulted in an increase in shares. Please ensure this opportunity is not squandered.
When Dillon sought help online numerous X users including the Investor Education and Protection Fund Authority (IEPFA) provided both informative and amusing suggestions. The IEPFA responsible for overseeing the IEPF and returning unclaimed shares dividends matured deposits debentures and other assets to investors responded to Dillons inquiry.