Amalner is a sleepy little town in northern Maharashtra whose | Credclub

Amalner is a sleepy little town in northern Maharashtra whose sole claim to fame is that its residents hold Wipro shares worth Rs 3,000 crore. Many of these shareholders are those who invested sums varying from Rs 100 to Rs 10,000 in the 70s and the 80s and forgot about their investments. After a few decades, they or in some cases their grandchildren woke up to the investment left behind and realised that they had become millionaires by virtue of being Wipro shareholders.

Such incredible appreciation was possible for Amalner residents because of corporate actions like stock split and issuance of bonus shares which keeps increasing shareholder wealth over the long term. Additionally, dividends generated by shareholding are redirected into purchasing new shares which keep bumping up your wealth in the long run.