Zerodha said users can opt out of CDSL authorization option if an investor wants to sell his stake in Zerodha’s kite.
Zerodha on Monday informed investors that they may face problems in authorizing the stock sale. All you need to know
Zerodha, one of the country’s largest online brokerage firms, on Monday informed investors that they may face problems in authorizing stock sales. The company said the issue pertains to Central Depository Services (India) Limited (CDSL) due to which they are facing issues with the depositories and are in constant touch to resolve the disturbances at the earliest.
The company reached out to investors through a number of communication channels, including a notice posted on their official company Twitter handle saying, “You may face a problem authorizing the sale of your shares due to an issue with CDSL. Is. We are in touch with CDSL to resolve the issue at the earliest.
You may face a problem in authorizing the sale of your stock due to an issue with CDSL. We are in touch with CDSL to resolve the issue at the earliest.- Zerodha (@zerodhaonline) October 18, 2021
Apart from informing users about the authorization issue on their official website, the brokerage firm has further mentioned that users can skip the CDSL authorization option if an investor wants to sell holdings in Zerodha’s kite unless the CDSL authorization messes up. does not solve.
“You can now give up CDSL authorization if you wish to sell your stake on Kite until the CDSL authority resolves the issue. Please make sure to authorize your holding by 5 PM,” the online brokerage firm tweeted following Posted in
Apart from Zerodha, similar technical issues in CDSL spoiled the morning trading for Grow’s users as well. The Bengaluru-based online investment platform is also a CDSL-registered entity and has informed its users about technical difficulties on their app pages, stating the issue with the Depository Transaction Personal Identification Number (TPIN) and the team working on it. Hindustan Times reported.
CDSL is one of the two depositories in the country, which enables holding and transacting securities in electronic form as well as settlement of trades on exchanges. Notably, it is the only listed depository in India and received the commencement certificate of business from the Securities and Exchange Board of India (SEBI) in 1999.
read all breaking news, breaking news And coronavirus news Here. follow us on Facebook, Twitter And Wire.
.