Are shareholders eligible for corporate action benefits if the shares are sold on the ex-date/record date?

Are shareholders eligible for corporate action benefits if the shares are sold on the ex-date/record date?

Yes, shareholders are still eligible for corporate action benefits even if they sell their shares on the ex-date or record date. Here’s why:

  1. Eligibility Criteria: To receive benefits from corporate actions, such as dividends or bonus shares, you must have the shares in your demat account on the ex-date or record date. 

  2. Selling Shares on Ex-Date/Record Date: If you sell your shares on the ex-date or record date, you will still be eligible for the benefits. This is because the shares will not be debited from your demat account until the next day (T+1 day) and, hence, not on the same day you sell them.