Announcements

Tomorrow 19th February 2021 is a settlement holiday on account of Chhatrapati Shivaji Maharaj Jayanti. Due to this, all Equity trades placed on 18th & 19th February 2021 will reflect in your account on 23rd February 2021.

To help you understand what this means, we’ve simplified the details below.

What’s a settlement holiday?
Settlement holidays are when markets are open but settlement of your trades do not take place as per the usual T+2 cycle because either the depositaries (NSDL and CDSL) are closed or banks are closed on that day.

How does this holiday impact your trades?
Since the settlement date denotes the final transfer of ownership of shares and not the day you made the trade, a holiday in between causes a delay in the final transfer of shares.

What will be the impact of the Settlement Holiday on 19th February 2021?
On account of the settlement holiday on 19th February 2021 kindly note the following impact on your holdings:

1. All trades placed on 18th and 19th Feb in the Equity segment will be settled on Tuesday, 23rd Feb.
2. All trades placed on 18th Feb in the Derivative segment will be settled on 22nd Feb
3. All shares bought on 18th Feb will be visible under T1 holdings on the 19th Feb but you will only be able to sell them on 22nd Feb.
4. The credit bill amount for all segments on 18th Feb will not be available for trading or withdrawal purposes on 19th Feb because this amount will be blocked for one day due to the settlement holiday.

You can also check a list of future settlement holidays here.

If you have any queries, you can raise a ticket on the Upstox Pro Mobile or Desktop app. 

To ensure seamless trading, we will be participating in a scheduled Mock (dummy) Trading session conducted by the Exchange on 6th February 2021 from 10 AM to 7.30 PM. During this session, you will not be able to log-in or use any functions on the platform. Thank you for your patience and cooperation.

Here are the revised margins for 5th February.

? Up to 5X margins on Intraday orders in EQ (for F&O-listed stocks only).
? Up to 2X margins on Intraday orders in Futures and Options (selling) only.
? Up to 2X margins on Intraday orders in Currencies and Commodities (for Futures only).
? All CO & OCO orders are blocked for the day.
? Square-off time for both Equity Intraday and F&O positions will be 3:10 PM.

L&T Finance Holdings has credited existing shareholders’ Demat accounts with REs (Rights Entitlements) after it announced a Rights Issue.

What does this mean?
A company announces a Rights Issue to invite existing shareholders to buy more shares, usually at a discounted price. These shares are known as Rights Shares.

After the Rights Issue is announced, the company then credits its existing shareholders’ Demat Accounts with REs (Rights Entitlements).

These REs are not the Right Shares but the benefit given to existing shareholders to apply for the Right Shares. If shareholders do not wish to apply for these Rights Shares, they can even trade these REs in the market until a particular date.

To learn more about rights, click here.

What does this mean for L&T Finance Holdings shareholders?
Existing shareholders of L&T Finance Holdings (as on record date 22nd Jan’21) have the following two options -

1. They can use their REs to apply for more shares of L&T Finance Holdings (in proportion to their existing shares - 17 for every 74 shares held) at a discounted price of Rs.65.

2. If they do not wish to apply for more shares, they can even trade their REs in the market.

For the above corporate action keep these dates in mind

Last trading day of RE  - 10th February 2021.
If you do not wish to apply for the rights shares, you can trade your REs in the market on or before this date.
Last date to apply for Right Shares - 15th February 2021.
If you’re interested in applying for the right shares, you can apply on or before this date, after which the RE ceases to exist.

How To Apply For Rights Shares?
There are 3 ways to apply -
1. Online through ASBA (Applications Supported by Blocked Amount) if your bank supports it just like you do for an IPO. Most large banks including Axis, HDFC, ICICI, SBI, Kotak support this method.
https://web.linkintime.co.in/RightIssues/index.html

2. Online through the RTA (Registrar and Transfer Agent) website 

3) Offline by filling the Composite Application Form (CAF) received in your courier from the company’s RTA and then submitting it at a Self Certified Syndicate Banks (SCSBs) branch.

Read more about this RE by clicking here.

Here are the revised margins for today. 4th February.

? Up to 5X margins on Intraday orders in EQ (for F&O-listed stocks only).
? Up to 2X margins on Intraday orders in Futures and Options (selling) only.
? Up to 2X margins on Intraday orders in Currencies and Commodities (for Futures only).
? All CO & OCO orders are blocked for the day.