Comment on Consequences of Short delivery - NSE/BSE

Venu commented on 11 Jul 2017, 02:19 PM

Ashwini, when you sold stock, you received credit against such stock. Since you didn’t own the stock & weren’t able to give delivery of such stock, the credit that you’ve received against such sale, doesn’t belong to you. This is why we’ve blocked the credit + an additional 20% to account for any increase in prices when the Exchange posts auction. The Auction for the Unitech shares will be posted to your account tomorrow and the funds that were blocked by Zerodha will be reversed.

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