When a seller is not in a position to deliver the securities he has sold, the buyer sends in his application for buying-in, so that the securities can be bought from the market and delivered to him. This process by which the securities are procured on behalf of the Defaulter is known as Auction.
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Securities issued to existing investors as on a specific cut-off date, enabling them to buy more securities at a specific price.
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The allotment pattern in a public issue among different categories of applicants. This is finalized by the issuer company, its registrars and […]
The process of transforming securities holdings in physical form to those in electronic form through a depository system