As many as 12 stocks including State Bank of India (SBI), Indian Energy Exchange (IEX) and others will turn ex-record date tomorrow for their dividends, bonus issues, stock splits and more, effectively making today the last date for investors to buy in order to be eligible for the corporate actions.
Only those shareholders who hold the shares of these companies in their demat accounts as on the record date will be eligible for the corporate actions. Market regulator SEBI’s T+1 settlement rule effectively makes today the last date for interested investors to buy the shares, so that they are credited by tomorrow, ensuring eligibility for the corporate actions.
