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 the shares on the ex-date/record date. This is because eligibility for the benefits of corporate actions requires shareholders to have the shares in their demat account on the ex-date/record date. If the shares are sold on the ex-date/record date, they will be debited from the demat account on the next day, i.e., T+1 day, and not on the same day. To learn more, see What does ex date and record date mean?
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