Bengaluru: When the COVID pandemic led to a stay-at-home period in 2020, a woman from Mumbai named Priya Sharma had a life-altering discovery. While reviewing her grandfather’s will, she stumbled upon some abandoned shares. These weren’t just insignificant shares; back in 2004, her grandfather had bought 500 shares of Larsen & Toubro (L&T), a leading construction company. Since these investments had been left untouched and almost forgotten for years, they had significantly appreciated in value, ultimately transforming Priya’s life.
According to reports, Priya inherited more than just 500 L&T shares. Due to bonus shares and stock splits, she now possesses 4,500 stocks.
You might wonder what and how this happened. When a company issues more outstanding shares to increase liquidity, a stock split occurs. For example, in a 1:2 split, each share is divided in half, doubling the number of shares each shareholder owns while maintaining the overall value of the investment.
On the other hand, bonus shares are additional shares given to current shareholders at no extra cost, based on the number of shares they already own. Returning to Priya’s story, the news outlet mentioned that while the quantity of L&T shares increased ninefold, their value also surged significantly.
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A reported, the stocks were valued at approximately Rs 1.72 crore. However, reclaiming this long-lost treasure was not an easy task. Priya, who now resided in Bengaluru, faced several challenges in obtaining her grandfather’s records and starting the probate process in Mumbai.
She began by writing to L&T, which required her to meet various administrative requirements. She soon realized she needed professional assistance.
This is where Share Samadhan, a company specializing in retrieving lost investments, came into the picture. The company meticulously reviewed Priya’s paperwork, including her grandfather’s will.
“We found that since the number of shares was substantial and the client did not possess the original shares, it was going to be a difficult task as the company would need to conduct multiple verifications. Additionally, the probate of the will also had to be completed,” Share Samadhan explained.
