The Shehenshah of Bollywood, unmatched global megastar Amitabh Bachchan, turned 75 today, 11 October 2017. The Padma Vibhushan recipient with a signature baritone voice, Amitabh Bachchan is one of the most respected Indian celebrities who also have interests in wealth maximization. Over a career spanning more than four decades, Amitabh Bachchan has invested a decent amount in stock markets, businesses, and few own ventures. Amitabh Bachchan hosted seven seasons of Kaun Banega Crorepati, one of the most popular game show, and is now presenting the ninth edition of it. As the superstar turns 75 today, we bring you some of his major investments.
In the year 2011, Amitabh Bachchan bought around 16 lakh shares for Rs 1.6 crore (approx.) in Birla Pacific Medspa at Rs 10 per equity share. Birla Pacific Medspa is a spa company promoted by Yash Birla. Later, things didn’t turn out well for the company and the stock crashed. It is now quoted at mere Rs 0.28 on BSE.
Amitabh Bachchan also bought about 3 lakh shares of Finotech Chemicals, at around Rs 160 per equity share. Being the brand ambassador of Just Dial, Amitabh Bachchan was entitled to hold about 60,000 shares at a price of Rs 10 per equity share. The stock of Just Dial went on to a continuous rising streak till mid-2014 and made an all-time high around Rs 1,800. One can imagine how much money Amitabh Bachchan would make if he sold even just a part of his shareholding in Just Dial at that price at that time. The stock has not done particularly well since then, and its current market price is Rs 414.
In 2014, Amitabh Bachchan invested in Stampede Capital, a financial technology firm. He bought as much as 1.1 lakh shares at a price of Rs 88 per equity share. The stock of Stampede Capital skyrocketed to a level of Rs 520 in the year 2015. The current market price of the stock is Rs 6.45 after a split in a ratio of 1:10 in 2015 and a bonus issue in ratio of 1:4.
Amitabh Bachchan has starred in about 223 movies so far which includes the blockbusters from Sholay one of India’s most favorite films — to latest flicks such as Pink, Piku, Paa, etc. Amitabh Bachchan had done his graduation from Kirori Mal College, Delhi University.
So this was a tiny sneak-peek into Amitabh Bachan’s stock market interests on his birthday according to the MSN reports. Do not forget to like, comment and share this article if you like it.