NSE unlisted shares become freely transferable starting March 24

Starting March 24, shares of the National Stock Exchange of India (NSE) will be more easily transferable. The change will allow transfers to be completed in 3 to 5 days instead of the previous six months. The NSE is adopting a new delivery instruction slip (DIS) system. This eliminates the need for manual know-your-customer (KYC) checks and lengthy verification processes. Now, verifications will be conducted by depositories, which already have records of investors. This decision comes after investor frustration over delays in share transfers. Many institutional investors have faced issues, as prices often changed during the long waiting periods for transfers. NSE shares have been very popular, doubling in value over the past year and currently trading at Rs 1,850 each. According to regulations, only qualified investors can hold shares of a stock exchange. Those wanting to acquire more than 2% of the shares must seek approval within 15 days, with stricter rules for larger holdings. To transfer shares offline, investors need to fill out a DIS. This form requires the 12-digit ISIN code, 16-digit DP ID, and Client ID, along with the chosen transfer mode.