Comment on NRI trading on Indian Stock Exchanges
commented on
08 Jul 2016, 12:28 PM
As NRi, I opened 3in1 ac with Yes Bank. I hold sterilite technologies,stock, purchased in May 2016, which is giving me split shares on demerger in Aug 2016. Book recording / closure was on 16th June.
I have opened as Nri trading and Demat ac with zerodha. Now i have given Demat and trading closure instructions to Yes bank, keeping PIS ac.
Please advise , whether sterilite tech will only transfer split shares in Aug to Zerodha Demat directly, as it has my Yes bank’s Demat number in their records ?