Hi All,
I have short sell 200 shares of Videcon at 204.1 but the shares were not squared up since the videocon reached the upper circuit limit.Broker called me and told that shares are in auction and will be buyed at price which is higher in t+3 days.Please tell mewhy brokers will allow such kind of shares which which will make for the investors to loss huge amount of money.
Please tell me how to proceed has i could be in loss of huge money as broker is telling SEBI wiil do the auction and will l buyback the shares which is highest of three days for which will be huge loss to the investors.
Please let me know to whom to complaint about this as this is totaly unfair to the investores because stock which was in upper circuit did not get squared off as there were no sellers and the stock did not get sqaured off and broker is telling it will be placed in auction and SEBI will buy the stock with highest of 3 days.\Please let us know whether it is broker is lieing us or what is the rule in case if the short sell stock is carried of next day since it did not squared off due to stock upper circuit
I have short sell 200 shares of Videcon at 204.1 but the shares were not squared up since the videocon reached the upper circuit limit.Broker called me and told that shares are in auction and will be buyed at price which is higher in t+3 days.Please tell mewhy brokers will allow such kind of shares which which will make for the investors to loss huge amount of money.
Please tell me how to proceed has i could be in loss of huge money as broker is telling SEBI wiil do the auction and will l buyback the shares which is highest of three days for which will be huge loss to the investors.
Please let me know to whom to complaint about this as this is totaly unfair to the investores because stock which was in upper circuit did not get squared off as there were no sellers and the stock did not get sqaured off and broker is telling it will be placed in auction and SEBI will buy the stock with highest of 3 days.\Please let us know whether it is broker is lieing us or what is the rule in case if the short sell stock is carried of next day since it did not squared off due to stock upper circuit
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