Sachin Tendulkar, the iconic former captain of the Indian cricket team, has reportedly reaped significant financial gains amounting to ₹26.5 crore from his astute investment in Azad Engineering. Initially, Tendulkar had infused ₹5 crore into the company, which equated to acquiring 4.3 lakh shares at a unit price of ₹114.10 back in March 2023.
Fast forward to December 28, the scenario took a remarkable turn as Azad Engineering got listed on the stock exchange. Consequently, Tendulkar’s initial investment swelled to an impressive ₹31.55 crore due to the company’s valuation escalating substantially.
A detailed report by DNA highlighted that Azad Engineering experienced a remarkable growth trajectory, with its stocks escalating by 29.21 percent to reach ₹677.10 per share. This surge also propelled the Hyderabad-based company’s market capitalization beyond the ₹4000 crore mark.
Market activities were bustling, with transactions amounting to 1.51 crore and 7.80 lakh shares taking place on both the National Stock Exchange and the Bombay Stock Exchange.
Here’s the post:
The talk of the finance town is #Sachin Tendulkar making a profit of ₹26.5 crore in one day📷
— Koshex (YC S21) (@KOSHEXHQ) December 29, 2023
He made more money than Mitchell Starc's recent record IPL deal, which was worth ₹24.75 crore
Here's how this happened📷#masterblaster
Interestingly, Sachin Tendulkar’s lucrative financial maneuvering in Azad Engineering has overshadowed notable figures in the sports realm. For instance, his gains have eclipsed the whopping ₹24.75 crore that the Kolkata Knight Riders invested to secure Mitchell Starc, making the Australian pacer the most expensive player in the history of the Indian Premier League.
Moreover, Sachin Tendulkar is not alone in recognizing the potential of Azad Engineering. Esteemed sports personalities like VVS Laxman, PV Sindhu, and Saina Nehwal have also ventured into investments with the company. Azad Engineering has carved a niche for itself, catering to global Original Equipment Manufacturers (OEMs) across diverse sectors such as defense, aerospace, oil, and gas industries.
Adding another feather to his cap, Tendulkar has been actively contributing as a mentor for the Mumbai Indians in recent years. His financial endeavors, coupled with his illustrious cricketing career, have culminated in an estimated net worth of approximately ₹1350 crore as of 2023.
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