Amit Shah’s shares in the Stock Market almost doubled in the past five years

Amit Shah and his wife are avid investors and traders, according to an affidavit filed with the Election Commission

April 21, 2024

Amit Shah, Mrs. Shah loves investing and trading, nomination affidavit discloses

Union Home Minister Amit Shah’s election affidavit shows that he and his wife Sonalben’s assets in the share market have almost doubled in the past five years. The affidavit filed by Amit Shah shows his interest in the stock market and large portfolios and it contains nine pages to name the companies invested! In the 2019 Lok Sabha affidavit, Mr and Mrs Shah had shares with a market value of around Rs.21 crores and the 2024 affidavit shows the couple’s market value of shares reached around Rs.39 crore.

The husband and wife own shares in all major stocks in India’s stock exchange. When analyzing the shareholding pattern, A to Z names of Indian companies from all sectors can be seen. Amit Shah holds shares in more than 160 listed companies and around 100 non-listed firms having declared book value of more than Rs. Three lakhs. His Wife Sonalben holds shares in more than 80 listed companies and 10 non-listed companies worth a declared book value of more than Rs.83,000. It is well known that Mr. Shah decides the investment decisions of Mrs. Shah, though she is on record bigger investor than her lovable husband.

The affidavit filed to the Election Commission clearly shows that Amit Shah and his wife love investing and trading in stock exchanges. They are holding shares in all the major companies. Amit Shah’s market value of shares in stock exchanges as of April 15, 2024, in listed companies is more than Rs.17.43 crores. Wife’s shares in stock exchange-listed companies worth more than Rs.20 crore, as per the affidavit filed to the Election Commission on April 19, 2024.

Amit Shah’s major investments above Rs.25 lakhs are in ABB India Ltd (more than Rs.71 lakhs), Anant Raj Limited ( more than Rs.33 lakhs), Berger Paints (more than Rs.35 lakhs), Bharat Forge (more than Rs.26 lakhs), Colgate-Palmolive (more than Rs.1.06 crores), Century Textiles (more than Rs.31 lakhs), Cummins India (more than Rs.42 lakhs), Grindwell Norton (more than Rs.42 lakhs), Hindustan Unilever (more than Rs.1.34 crores), ITC Limited (more than Rs.63 lakhs), Infosys (more than Rs. 43 lakhs), Kansai Nerolac Paints (more than Rs.40 lakhs), MRF Limited (more than Rs. 1.29 crores), Nestle India (more than Rs.38 lakhs), Nesco Limited (more than Rs.32 lakhs), Procter & Gamble (more than Rs.95 lakhs), RHI Magnesita India Limited (more than Rs.25 lakhs), Supreme Petrochem (more than Rs.31 lakhs), The Bombay Burmah Trading Corporation (more than Rs.38 lakhs), The Ramco Cements ( more than Rs.32 lakhs), Suitcase Bag making firm VIP Industries (more than Rs.52 lakhs).

Mrs. Shah’s investments above Rs.25 lakhs are in Aditya Birla Fashion and Retail Limited (more than Rs.45 lakhs), Bharti Airtel (more thans Rs.1.8 crore), Canara Bank (more than Rs.2.9 crores), Gujarat Flurochemicals (more than Rs.1.78 crore), ICICI Bank (more than Rs.53 lakhs), Inox Wind Energy ( more than Rs.29 lakhs), JSW Steel (more thasn Rs.43 lakhs), Lakshmi Machine Works Limited (more than Rs.1.75 crore), Larsen and Toubro (more than Rs.64.8 lakhs), NCC Limited (more than Rs.75.9 lakhs), Procter & Gamble (more than Rs.94.9 lakhs), Rane Engine Valve Limited (Rs.65.7 lakhs), SBI (more than Rs.30 lakhs), Sun Pharma Advanced Research Company Limited (more than Rs.30 lakhs), Sun Pharmaceutical Industries (more than Rs.1.04 crore), Tata Steel (Rs.49 lakhs), Karur Vysya Bank (more than Rs.1.8 crore), Ultratech Cement (more than Rs.47.5 lakhs), Valor Estate Limited (more thasn Rs.55 lakhs), Zydus Lifesciences Limited (more than Rs.37 lakhs), Hindware Home Innovation Limited (more than Rs.29.7 lakhs), Reliance Industries (Rs.34.2 lakhs).

Amit Shah and his wife hold shares in most of the Tata, Birla Group companies and Mukesh Ambani-led Reliance firms, profit-making Banks, and Public Sector Undertakings like GAI and ONGC. Interestingly, both still hold shares in almost defunct Anil Ambani’s firms suffering huge losses. Meanwhile, though the husband did not have any shares in Adani firms, the wife Sonalben holds just 65 shares in Adani Wilmar Limited worth just Rs.21,859 only.

The billion-dollar question is, why did Amit Shah avoid investments in good friend Gautam Adani’s firms, which skyrocketed in the past five years and suffered after the Hindenburg Expose and now recovering fast?

Union Home Minister Amit Shah and his wife Sonalben’s Nine Page shareholding pattern is published below:

Amit Shah Assets and Liabil… by PGurus

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