Around 9 companies, including Jio Financial Services and telecom infrastructure player Indus Towers, are set to turn ex-record date for dividends on Monday (August 10), effectively making today the last day for interested investors to buy the shares to be eligible for payments.
As per SEBI's T+1 settlement cycle, investors must buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time and become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so they are credited to their accounts by Monday, making them eligible for the dividends.
