Raghunandan Money – Investment Khushiyon Ka.

RMoney Support

How can we help you?

Search for an answer or browse help topics

How To Close Out If The Shares Are Not Bought In The Auction?

Post Date : April 26, 2022

If the shares are not bought in the auction, the close-out is done by paying compensation to the buyer.

A payment equivalent to any of the following is made:

The value of the short delivered security at the highest price prevailing in the stock exchange from the day of trading till the auction day or

20% above the official closing price on the auction day, whichever is higher is paid.

For all short deliveries for;

  1. Companies listed in the “Z group” of BSE, and
  2. Trade for trade securities at both Exchanges, the trades are compulsorily closed out.

If no bids are received from the trading members during the auction process then also the closeout is resorted to.

In case of failure of the auction seller to deliver the securities (fully or partly) on the auction pay-in day, the deal will be closed out at

The highest price prevailing on the exchange from the day on which the trade was originally executed till the day of closing out, or

20% over the official closing price on the closeout whichever is higher.

It will be charged to the auction seller unless otherwise specified.

 

Sign up

To know about our offerings - Demat, Shares, Mutual Funds, IPOs, Insurance, Commodities and more…

  • PAN card is compulsory for opening Demat Account

Open an RMoney Online Account

Get started today to really enjoy your trading experience. Fill in your details, connect your bank account & upload your documents.

Open Trading Account

×

Filing Complaints on SCORES (SEBI) – Easy & Quick

  1. Register on SCORES Portal (SEBI)
  2. Mandatory details for filing complaints on SCORES:
    1. Name, PAN, Address, Mobile Number, E-mail ID
  3. Benefits:
    1. Effective Communication
    2. Speedy redressal of the grieva`nces

https://scores.sebi.gov.in/dashboard

IT'S TIME TO HAVE SOME FUN!

Your family deserves this time more than we do.

Share happiness with your family today & come back soon. We will be right here.

Investment to ek bahana hai,
humein to khushiyon ko badhana hai.

E-mail
askus@rmoneyindia.com

Customer Care
+91-9568654321

×

Ab Trade Karo Tension Free

  • PAN card is compulsory for opening Demat Account

Don't worry, we hate spam as much as you do!

Please note that the brokerage charged against the above scheme should not in any ways exceed the amount as specified under the exchange bye laws.

  • Advance Brokerage is valid for Lifetime.
  • Balance Advance Brokerage can be refunded lifetime without asking any Question.
  • Pay Rs 299/- & Get Rs 499/- as advance Brokerage revesal*
  • Send Enquiry
    Open chat
    RMoney India
    Welcome to RMoney
    More Info visit at https://rmoneyindia.com/support/how-to-close-out-if-the-shares-are-not-bought-in-the-auction
    How May I Help You?