What is ISIN in shares?

An International Securities Identification Number (ISIN) for shares is a 12-character alphanumeric code that uniquely identifies a security for trading, reporting, and settling transactions. ISIN comprises of the following:

• Country code: A two-letter code that indicates the country where the company's head office is located. For example, "IN" for India.
• National Securities Identifying Number (NSIN): A nine-digit code assigned by the country's national numbering agency (NNA).
• Check digit: A single digit that ensures the accuracy of the code.

ISINs are used to make it easier to track and trade securities, especially across borders. They can help investors correctly identify assets and track price movements.