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:
- 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.
- 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.
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