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Can I pledge my shares for a loan when the shares are De-materialised?

April 26, 2017loan pledge Shares

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Can I pledge my shares for a loan when the shares are De-materialised?

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Ans: Yes, you can pledge your shareholding in the electronic form in favour of the lending institution by applying to your DP in the prescribed form. After repayment of the loan, which is secured by the pledge, you can request for redemption of the pledge, by applying to your DP.