Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 26 Nov 2016, 10:30 AM

Manish, what this means is that, the person who sold you shares defaulted. So instead of 35 shares, you got only 15 shares. Exchanges will conduct auction on 28th (since 26th/27th is sat/sun) and give you those 20 shares. Since you sold the shares on 25th and not 24th, there is no auction risk. If you had sold it on 24th, yeah, you would have defaulted on giving 20 shares to the person you sold to.

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