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pay out shortage

Discussion in 'Forum Posts Worth Reading' started by shahil_141, Oct 15, 2013.

  1. shahil_141

    shahil_141 New Member

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    Hi, shabbir....i brought 125 shares of l and t at 883 on 11 oct....today i received message from broker that there is a payout shortage of 16 shares....and another message stating that they have auctioned same amount of shares at 897 rs ...the corresponding amount has been credited to my account...
    can u please throw some light on what this pay out shortage exactly means...???
     
    shahil_141, Oct 15, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Pay out shortage means the person who sold the shares did not had any shares in his account and so you were not provided with the shares in your demat account.

    Normally they are auctioned and you should be getting them at lower rate.
     
    shabbir, Oct 16, 2013
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Exactly.
     
    sanjay_sansanwal, Oct 17, 2013
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