Selling Shares held in Physical Share Certificate Format

Hello All,

I would like to know the process for selling shares which I have in physical format. I came to know that there are some brokers who will directly take the share certificates and later on transfer it in thier names for some discount as compared to current market price. Is this true ? or do I need to convert the shares into demat account first and then sell it?

requesting all to guide me

Thanks
Vishal Dattani

It is preferable to convert them into demat first and then sell. Which shares are they?

Yes this type of brokers are available in market. You have to search in your city.

they give you a horrible price, about 15% less in nifty stocks, and about 40% less on others, its better to convert them to dematarilised form and sell