How DIS is used to sell unlisted shares of HDB Financial Services?

HDB Financial Services FAQs No Comments

Selling unlisted shares in India can be done offline through a process called the Delivery Instruction Slip (DIS), which is also known as the Over The Counter Method.

By utilising this approach, it is possible to transfer or sell HDB Financial Services shares that are held by NSDL or CDSL with relative ease.

A demat account transaction is very much like one that takes place in a bank account, with the exception that shares are traded in place of money. In this method, a document known as a “Delivery Instruction Slip” is given to the broker. This document contains the name of the company, the number of shares that are to be transferred, the consideration amount, and the ISIN number of the shares that are to be transferred. It also includes the details of the buyer’s demat account, including the DPID and Client ID.

In the case that you do not have a DIS slip, the stockbroker with whom you have a demat account may be able to provide you with the same thing.

There are several brokers who also offer the convenience of online DIS. Checking with your broker to see if you have access to this facility is all that is required of you at this point.

For example, the facility of online DIS is made available by Angel Broking. When using online DIS, you will need to fill out details similar to those used for offline DIS in order to add a beneficiary and transfer the HDB Financial Services unlisted shares.

Before you can finish filling out this DIS form and hand it in to the broker, you will need to pay stamp duty, so please keep that in mind. It is impossible to transfer unlisted shares without first paying the appropriate stamp duty.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments