Will I be eligible for a corporate action if I purchase shares on its ex-date?
No, in order to be eligible for a corporate action, shares must be purchased before the ex-date for the trade to be settled in your demat account by the record date. Shares purchased on or after the ex-date will not not receive the benefits of the announced corporate action.
Ex-Date: The date from which a stock starts trading ex-benefit/without the benefits of the corporate action. Investors who buy the share on or after the ex-date are not eligible to receive the benefits. Record Date: The date on which company records are taken to determine shareholders eligible to receive the benefits of the announced corporate action. Shareholder who hold shares in their demat account on the record date are eligible to receive the benefits.
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