I have 300 debentures and 300 shares of RPPL. What is the value today?

I have 300 debentures and 300 shares of RPPL. What is the value today?

Hi.

2,16,000 INR or 0.

In 90’s, we didn’t have electronic Demat (Dematerialized) system in the stock market. All shares were traded in physical form only.

Like this

(Pic: Google)

Due to physical shares, many investors have faced this type of problem. They bought the physical shares, put in someplace and eventually forgot it. After 10–15 years, they found it when the stock market has shifted its system from the physical shares to the demat shares(Current Demat system).

Like you, we also recently found that my father has 500 physical shares and 300 debentures of Reliance Petroleum Private Ltd.(RPPL) since 1996. He doesn’t remember whether it was converted in his demat account or not.

You are fortunate that you have RPL shares.

Because for other companies, the companies have been liquidated/sold out/delisted from the market in last 15 years. So it is a tough work to convert your physical shares into demat form or even recover money own money from the company.

RPL was bought by RIL.

• RPL-RIL acquisition

Reliance Industries Ltd. (RIL) bought Reliance Petroleum Private Ltd.(RPPL) in early 2000. RPPL merged into RIL. RIL offered its shares into 11:1 ratio for RPPL shareholders. In 2007–08 and 2015–16, RIL gave bonus shares in 1:1 ratio. ( So if you have 100 shares of RPPL, you will have 36 shares of RIL).

In your case,

You have 300 shares of RPL and 300 shares of debentures.

For debenture, it was issued by RPL in 1993 and had four-year duration. After that, Debentures were converted into shares. So you would have definitely received the shares against debentures.

For 300 RPL shares,

So, You should get = 36*3 =108 shares

With RIL current share value of approx. 2000 Rs, total value is 2,16,000 INR. You have won the jackpot.

But, its value can be zero also.

Why?

Because there are two possibilities.

1. RIL converted your RPPL shares into RIL in 2002 and issued you RIL shares in your demat account but you still have RPPL physical shares. (In this case, the value of physical share is 0.)
2. You have physical RPPL shares which might never be converted into RIL shares (In this case, you have got jackpot of 7.2 Lac).

How to check?

Like you, I also tried a lot to find answer of this question on Quora and other websites. I wasted many weeks but couldn’t get any meaningful information. I even contacted RIL investor offices by calls and emails but zero results.

Ultimately, on one day, I received an answer for my mail that I had sent to one of the RIL’s official mail ids.

Here is the process.

Step 1: Send a mail on rilinvestor@kfintech.com with describing your issue. (Kfintech is the official agency which looks into the RPL physical matters)

Step 2: They will take time to respond. Maybe due to a lot of queries? But you will surely get a reply from them. (I got the reply after a week!! )

Step 3: They will ask you to send the folio number.

Folio number is like your bank account number. You can find your folio number on your physical shares. From folio number, they can verify the transactions on their side.

Step 4: Wait for a week. They will send it to you the details.

For me, Bad Luck. My father got the RIL shares in 2003 itself in his demat account.

So, I didn’t win the jackpot. What about you?

Happy investing.

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