Nearly Rs 4 trillion of shares still held in physical form, shows analysis

Even some blue-chips have over 30% shares in physical form

The regulator may have a heavy task at hand with its recent attempts to phase out physical share certificates.

While most trading happens in demat form, physical shares account for a significant chunk of holdings by value. A Business Standard analysis of the latest shareholding patterns of 3448 listed companies show that as much as Rs.3.91 trillion worth of shares are still held in physical form. A total of 3282 companies had some physical shares as of September 2018.  

The stock market regulator, Securities and Exchange Board of India (SEBI), had come out with norms earlier this week on transferring