Supposed I bought 100 shares of xyz company at 500 2 yr back and pledge them for margin. Now 2 months back same company stock around 600 say I buy 50 shares. This 50 shares are in my holding.
Now if I sell 50 shares which shares would be sold one that have been bought at 500 or that which I bought at 600?
on this sell — short term capital gain or long term capital gain ?
in this case — how FIFO apply ?
please answer
Thanks @siva-reddy and @ShubhS9. How long does it take to unpledge? I had put unpledge request in console yesterday morning. It is still not showing in Kite holdings.
I pledged my shares through the CDSL website on Friday and got my margins on Monday and everything is fine.
But the article that you published on 21th July states that we will be able to see our pledged holdings in kite holdings segment under pledged holdings.
But i cannot see anything in my kite holdings.
Also, once you bring out the mechanism to sell pledged shares without unpledging, we need to be able to see them in our kite holdings.
Hey @Venkat_K, your unpledge request placed could not been processed due to an issue at the depositories and clearing corporation in light of the implementation of the new pledge process. The unpledged securities have not yet been released from pledge in your demat account.
We are following up with the depository and the clearing corporation to have this issue fixed at the earliest. This should be fixed by this coming Monday. We deeply regret the inconvenience caused.
Hey @Karthik_Mahadevan, the issue is with the depository and the CC being unable to release the pledged securities. We’re following up with them to have this resolved at the earliest. We’re expecting the issue to be solved by Monday. You can place a fresh unpledge request at the end of day today, which we’ll try and process on Monday at 2 PM. We deeply regret the inconvenience caused.