I am currently trying to transfer shares of one stock from my demat account to my friend’s demat account. I have followed the process as mentioned in How can I transfer shares from my Zerodha account using CDSL Easiest? .
Now if I go to “Transaction Inquiry” in CDSL, the transaction status is showing as “Txn Ready For DP Auth”.
What do I need to do further to complete the transaction? Does it need any further approval? I have already tried this yesterday and day before yesterday, but the transaction never happened. Or is there any other thing that might be stopping it (like if it requires the sell amount cash to be present in the recipient’s account)?