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Bharathaselvan K to lakshminarayan.

show details Mar 13 Reply

fromBharathaselvan K

[email protected],

dateThu, Mar 13 at 2:51 PM

subjectNeed Reply

mailed-bygmail.com

hide details Mar 13 Reply

Hi

Sub: Shares sold 2310nos at shortsell and purchased at higher rate. - Reg

Ref: Client Id: KARUNABH

I have purchase JP Associates shares 3000 nos at the rate of 207.88 on

07/03. Purchase details given below.

Contract No : 9056628

Settlement No: NN2008048

Settlement Period From :07/03 To :07/03

Sir/s, I/We have this day done by your order and on your account the

following transactions.

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-

&&&-Bought For You&&&

&&&&Sold For You&--

Qty Rate B.Brkg Rate Brk Security Qty

Rate B.Brkg Rate-Brk

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-

2300 206.8500 1.0343 207.8843 JP ASSOCIA

10 206.8500 1.0343 207.8843 JP ASSOCIA

690 206.8500 1.0343 207.8843 JP ASSOCIA

NetAmt: 623, 652.90Dr NetQty: 3000 (B) NetRate :207.88

On 10-03 morning at 10:05 AM market was crashed in the beginning

and I decided to sell the 3000 nos of JP Associates and sold at the

rate

of Rs 205.00 under loss of Rs 2.7 to avoid furthur loss in the

investment what we have. Share sold details given below.

Contract No : 9096386

Settlement No: NN2008049

Settlement Period From :10/03 To :10/03

Sir/s, I/We have this day done by your order and on your account the

following transactions.

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-

&&&-Bought For You&&&

&&&&Sold For You&--

Qty Rate B.Brkg Rate Brk Security Qty

Rate B.Brkg Rate-Brk

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-

JP ASSOCIA 12

201.9500 1.0098 200.9402

JP ASSOCIA 500

201.9500 1.0098 200.9402

JP ASSOCIA 250

201.9500 1.0098 200.9402

JP ASSOCIA 200

201.9500 1.0098 200.9402

JP ASSOCIA 50

201.9500 1.0098 200.9402

JP ASSOCIA 8

201.9500 1.0098 200.9402

JP ASSOCIA 60

201.9500 1.0098 200.9402

JP ASSOCIA 50

201.9500 1.0098 200.9402

JP ASSOCIA 500

201.9500 1.0098 200.9402

JP ASSOCIA 25

201.9500 1.0098 200.9402

JP ASSOCIA 100

201.9500 1.0098 200.9402

JP ASSOCIA 1245

201.9500 1.0098 200.9402

JP ASSOCIA 2310

212.7500 1.0638 211.6862

NetAmt: 1, 091, 815.7220Cr NetQty: 5310 (S)

NetRate :205.6150

I have been confirmed about the shares sold from my account and it was

reflected that the 3000 shares sold at 11:00 AM.

Next day 11-03 i have recevied Email from India Infoline that

additional 2310 shares were sold on 10-03 at the rate

of Rs 205.6150. I was really shocked to see that additional 2310 nos

shares sold in my account without my concern and came

to know that the shares were sold by head office. Next day 11-03

Head office purchased the same quantity of shares 2310nos

at the rate of Rs 252.1545. Above said purchase i came thru mail.

Details given below.

Contract No : 9136006

Settlement No: NN2008050

Settlement Period From :11/03 To :11/03

Sir/s, I/We have this day done by your order and on your account the

following transactions.

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-

&&&-Bought For You&&&

&&&&Sold For You&--

Qty Rate B.Brkg Rate Brk Security Qty

Rate B.Brkg Rate-Brk

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-

25 250.9000 1.2545 252.1545 JP ASSOCIA

165 250.9000 1.2545 252.1545 JP ASSOCIA

45 250.9000 1.2545 252.1545 JP ASSOCIA

100 250.9000 1.2545 252.1545 JP ASSOCIA

1000 250.9000 1.2545 252.1545 JP ASSOCIA

100 250.9000 1.2545 252.1545 JP ASSOCIA

100 250.9000 1.2545 252.1545 JP ASSOCIA

25 250.9000 1.2545 252.1545 JP ASSOCIA

5 250.9000 1.2545 252.1545 JP ASSOCIA

50 250.9000 1.2545 252.1545 JP ASSOCIA

50 250.9000 1.2545 252.1545 JP ASSOCIA

500 250.9000 1.2545 252.1545 JP ASSOCIA

25 250.9000 1.2545 252.1545 JP ASSOCIA

25 250.9000 1.2545 252.1545 JP ASSOCIA

20 250.9000 1.2545 252.1545 JP ASSOCIA

25 250.9000 1.2545 252.1545 JP ASSOCIA

50 250.9000 1.2545 252.1545 JP ASSOCIA

NetAmt: 582, 476.8950Dr NetQty: 2310 (B)

NetRate :252.1545

It is rediculous to see that selling excess shares (shortsell) at

lower price and buying at higher price without

the customer knowledge. Updation of the selling and buying in the

account has to be reflected immediately in the database

either it is from branch office or headoffice. If updation of the

account is not happened from Branch office to head office

is not the customer problem. India Infoline has to take the total

responsibility for the incident happened now.

I need proper justification and need to refund the entire money the

shares of 2310 nos which is sold and purchased with

higher rate.

I have good faith on the company for doing business. After this

incident I am really afraid to do business. I expect the

reply with in 24 hrs and refund the money of RS 474970.65 which was

sold at the rate of Rs 205.6150. I am not responsible

for the share which is purchased at Rs 252.1545

If I have not received any reply from your end I have forced to go

leagel actions.


Company: IndiaInfoLine

Country: India

Category: Miscellaneous

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