Sachin-Stake Rumours Send RRP Semiconductors Soaring 13,000% — Company Forced To Deny Link

In a bizarre episode of market speculation gone wild, RRP Semiconductors Ltd. has seen its stock price skyrocket from Rs 10 to nearly Rs 9,000 in under 10 months, driven not by fundamentals or news of major contracts, but by an unverified rumour linking cricket legend Sachin Tendulkar to the company.

While Tendulkar is known for diversifying his post-cricket wealth into business and startup ventures, he has no connection to RRP Semiconductors.

Among his verified investments is a pre-IPO stake in Azad Engineering Ltd., where he bought 4,38,120 shares at Rs 114.10 apiece in March 2023 — an investment then worth Rs 4.99 crore.

Azad Engineering, a Tier-I supplier to aerospace and defence firms, was listed on 28 December 2023 at Rs 720, and currently trades at Rs 1,648. It is not immediately clear if Tendulkar has retained his full stake.

He also holds stakes in Zepto, which has delayed its IPO to 2026, and Spinny, another startup reportedly preparing to go public.