What is the eligibility for corporate action at 5paisa?
Eligibility
of Corporate Action:
Let's delve into the significance of
various pivotal dates concerning corporate actions:
Declaration
Date: On this day, the Board of Directors publicly
announces to both shareholders and the broader market its intention to
distribute dividends.
Ex-Date: This marks the point when a security is traded without the
inclusion of the corporate action benefits. Investors who purchase the security
on or after the ex-date are not qualified to partake in the company's corporate
action.
Record
Date: On this date, the company reviews its records to ascertain which shareholders have the right to take part in the corporate action. Investors holding shares on the record date are eligible for
the corporate action.
Date
of Payment: This is the day when the company
dispatches the corporate action materials to the shareholders who held shares
on the record date. Usually occurring a week or more after the record date,
this timeframe ensures the company has ample time to accurately process
payments for all eligible parties.
You can check the Ex-date and record date on
the NSE website.
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