Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 24 Feb 2015, 12:06 PM

Vikas, ideally tradebulls should have squared off this position for you as you don’t hold these stocks in your demat. Like mentioned in the blogpost, on T+3, that is the 26th there will be an auction where these 300 shares will be bought on behalf of you and delivered to the person whom you short delivered. At what price can this auction happen at, depends on market condition on 26th. Assuming that stock price remains around the same, you might end up losing 1 to 2%.

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