Sachin Tendulkar: Sachin Tendulkar, known as the God of Cricket, is loved all over the world for his memorable innings and explosive batting. In cricket, the storm with his bat stopped with his retirement. But now he has started batting aggressively on the investment pitch. He invested Rs 5 crore in a company 9 months ago, which has now become approximately Rs 23 crore. In this way their figure becomes 360 percent return in 9 months. Let us get complete information about this investment.
5 crore rupees were invested in Azad Engineering
On March 6, Sachin Tendulkar had invested Rs 5 crore in Azad Engineering, a company providing engineering and technology solutions. This company provides services in energy, aerospace, defense and oil and gas sectors. Azad Engineering had recently launched its IPO in the market. It has received tremendous response from the market. Sachin Tendulkar has 4,38,210 shares in this company.
Sachin's salary may increase further
Hyderabad based Azad Engineering IPO will be listed in the market next week. The company has kept the issue price in its IPO at Rs 524. If listing happens at this rate, Sachin Tendulkar's Rs 5 crore will directly become Rs 22.96 crore. Sachin will get multibagger returns from IPO. However, on the day of listing, everyone's eyes will be on the share price of this company. Due to its increase or decrease, Sachin's returns can also go up or down. The premium of this Rs 740 crore IPO is running at 65 percent in the gray market. He had taken shares of the company at a price of Rs 114.1.
Players have invested a lot of money in this company
Apart from Sachin Tendulkar, this company has been liked by many players. As soon as the news came in the market that Sachin had invested money in Azad Engineering, one after the other many players followed his footsteps and invested their money in it. Just 5 days after Sachin's entry, PV Sindhu, Saina Nehwal and VVS Laxman had invested Rs 1 crore each in Azad Engineering. Now his amount has also reached Rs 2.3 crore. He got 130 percent return on his investment.
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