NSE's investor base has almost tripled since it expedited stock transfers in March

Copyright © HT Digital Streams Limit all rights reserved. Companies Ram Sahgal 3 min Read 16 Apr 2025, 02:04 PM IST The relief of share transfers is a precursor to a list of the stock exchange. Photo: Ani -Summary With share transfer times cut from three to four months to just one day since March 24, the stock exchange investor base shot up on March 11 on April 11, a spokesman said. According to a regulatory circular, a flurry of activity in unlisted NSE shares has almost tripled the investor base of India’s largest stock exchange, as it has accelerated the process of transferring shares between counterparties. The relief is a precursor to a list of the stock exchange. In August in August, NSE applied for a no-object certificate for its IPO at SEBI and is still awaiting approval. After the share transfer process was cut from three to four months to just one day, NSE investor base grew almost threefold from about 22,400 at the end of March to approximately 60,000 from April 11, a spokesman for the bursary said. “The investor base as on March 21 (the last trading day before NSE’s international identification number or ISIN was activated, which made faster share transfers) was about 22.400 … and as on April 11 it was about 60,000,” the spokesman added. Also read: Infosys started the year strong, but will the end a punch? NSE’s Isin, a global identifier for securities, was in a suspended mode before March 24. This meant that share transfers lasted up to four months, during which NSE had the bona fides of the prospective buyer veterinarian in line with Sebi’s pace-and-it-criteria for a shareholder of a market infrastructure institution (MII). In the case of other listed and unlisted securities, the transfer takes place on the day to trade (T+1). According to the pass and presenter test, a person who owns shares of a MII must have financial integrity, be unashamedly through civil obligations or beliefs, and have a good reputation and character, among other things. Note for the self, although the circular of Sebi in October last year is about relieving share transfers for unlisted Miis, NSE said it was applicable to its own share transfer on March 21, after Tuhin Kanta Pandey was chairman of Madhabi Puri Buch on March 1. As a result, shares have been transferred one day, according to brokers trading in listed and unlisted stocks. Only suitable and proper persons can buy the shares, and NSE has appointed CDSL as its deposit, which holds shares electronically in the name of the buyer in his or her Demat account. The deposit participants act as intermediaries between the buyer and seller and the deposit – either CDSL or NSDL. Also read: Havells India ensures its growth strategy with a stake in Goldi Solar “The increase in the investor base is due to transfers carried out one day by months,” says Narinder Wadhwa, managing director of Ski Capital Services. He said the change allows investors who want to buy small lots (100 or less). Institutions and individuals with high net value (HNIS) usually buy thousands of or tens of thousands of shares at the same time. “The activation of the ISIN increased the liquidity on the NSE counter,” said a broker official who performed a secondary sale of 125,000 shares on Tuesday. He did not expand as he was not authorized to talk to the press. According to the exchange data, NSE’s shares traded between £ 2,260 and £ 700 last month. It has a market cap of £ 4 billion, while the listed counterparts had a market cap of £ 79,859 on Tuesday. NSE’s top shareholders from the December quarter were Life Insurance Corporation of India (10.72%interest), Aranda Investments (5%), India’s share corporation (4.44%) and SBI Capital Markets (4.33%). Also read: While the world is reconsidering China, these Indian stocks are already a step ahead, catching all the corporate news and updates on live mint. Download the Mint News app to get daily market updates and live business news. More Topics #nse #indian Stock Markets Mint Specials