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Man Discovers 30-Year-Old JSW Steel Shares Bought for ₹1 Lakh Now Worth ₹80 Crore

Social media is abuzz with questions about tax liabilities on the ₹80 crore windfall created by decades of patient holding.

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'Man Finds Father's JSW Shares From 1990s, Now Worth Crores

Overview

  • The shares were originally purchased for ₹1 lakh in the early 1990s by the investor’s father under Jindal Vijayanagar Steel, remaining untouched for three decades.
  • JSW Steel Ltd’s current share price of around ₹1,004.90 has driven the total value of the holding to roughly ₹80 crore.
  • A post on X by market enthusiast Sourav Dutta shared images of the certificates, triggering widespread discussion on buy-and-hold investment strategies.
  • Analysts highlighted that a scaled-down ₹10,000 investment in JSW Steel at the same time would now be worth about ₹8 crore, illustrating compounding gains.
  • Investors are debating the long-term capital gains tax on an ₹80 crore redemption, with potential rates estimated near 30%.