Can I pledge/unpledge shares bought under MTF?

Shares bought using the MTF are automatically pledged to the broker. This is because the purchase is funded partially by borrowed capital under the MTF arrangement. As a result, these shares are already held as collateral by the broker.

To unpledge your MTF shares, you have two options:

• Sell the Shares: If you wish to unpledge the shares, you can sell them directly on your trading platform.
• Submit a Liquidation Request: You can submit a liquidation request through your online back office. This should be done after ensuring that the outstanding loan is fully cleared. Liquidation requests received before 4 PM on any working day are eligible for same-day processing.

For any questions or assistance, feel free to reach out to Share India’s support team at support@shareindia.com or call us at 18002030303.