Am I eligible for corporate actions if I sell my holdings on the ex-date?

Am I eligible for corporate actions if I sell my holdings on the ex-date?

Yes, as a shareholder will be entitled to corporate actions if you sell the holding on the ex-date or the record date.

For instance, REC Ltd. announced a dividend of ₹5 with a record date of 9th November 2022. Mr. X, a shareholder, sold his holdings of REC Ltd. on 9th November 2022. It takes T+1 for the settlement from the date of sale. Therefore, on 9th November, Mr. X has the shares in his Demat account and will be entitled to the Dividend of ₹5.

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