Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 30 Oct 2014, 08:10 PM

Confused if you are talking as the buyer who didn’t get the shares or as the seller who defaulted.

If you are the buyer, you get the shares, instead of T+2 on T+3 days.

If you are the seller who defaulted, exchange will try to buy the shares on auction, and the upper limit is 20% above the closing price of that stock on the T+3 day. Check this link.

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