Anand Rathi Wealth has fixed June 3 (Wednesday) as the record date for its bonus issue in the ratio of 1:1, effectively making today the last date for interested investors to buy the shares of the financial services firm to be eligible for the bonus shares.
Only those shareholders who own Anand Rathi Wealth shares in their demat accounts as on Wednesday will be eligible to receive the bonus shares. Due to SEBI's T+1 settlement norm, investors must buy the company's shares at least one trading day before the record date to ensure they are credited to their demat accounts by that date and thus be eligible for the corporate action. This effectively makes today the last date for investors to buy the shares of the company so that they are credited to the shareholders’ accounts by the record date (Wednesday), making them eligible for the bonus issue bonanza.
