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Can a ₹1,000 Investment Turn Into ₹163 Crore? A Fascinating Journey

Investing in Wipro Limited (Wipro) in August 1996 has proven to be a lucrative decision, thanks to the company's consistent shareholder-friendly policies, including multiple bonus issues and stock splits. Let's delve into how an initial holding of 1,600 shares, valued at ₹1,000 in August 1996, would have evolved over time. Initial Investment: Date: August 1996 Number of Shares Purchased: 1,600 Total Investment Value: ₹1,000 Corporate Actions Since 1996: Wipro has undertaken several corporate actions that have significantly increased the number of shares held by investors: 1. Bonus Issue (October 20, 1997): Ratio: 3:1 (three additional shares for every one share held) Calculation: 1,600 shares × 3 = 4,800 bonus shares Total Shares Post-Bonus: 1,600 + 4,800 = 6,400 shares 2. Stock Split (September 27, 1999): Ratio: 5:1 (each share split into five) Calculation: 6,400 shares × 5 = 32,000 shares 3. Bonus Issue (June 25, 2004): Ratio: 3:1 Calculation: 32,000 shares × 3 = 96,0...
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Check before buying a land/plot in India

Buying a plot in India requires thorough due diligence to avoid legal and financial issues later. Here's a comprehensive checklist of things to verify: --- 1. Title Deed (Ownership Document) Check that the seller is the legal owner. Ask for the original title deed (not a photocopy). Ensure the title is clear, without disputes or multiple ownerships. Preferably get the deed verified by a property lawyer. --- 2. Encumbrance Certificate Confirms the land is free from any monetary or legal liabilities (loans, mortgages, etc.). Obtain it from the Sub-Registrar's Office. Check for at least last 13-30 years. --- 3. Sale Deed The actual legal document of sale transfer. Should be registered with the local Sub-Registrar. --- 4. Land Use Certificate / Zoning Confirm if the plot is residential, commercial, agricultural, or industrial. Check with the local planning authority (e.g., DDA, BDA, HMDA, etc.). --- 5. Conversion Certificate (if agricultural) If agricultural land is used f...
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