Who is eligible to receive split shares?


Investors who hold shares of the company in their demat account on the record date announced by the company are eligible to receive split shares. 


Under the current T+1 settlement framework, the ex-date and record date are generally the same for corporate actions. So, to be eligible, you should buy the shares 2-3 days before the ex-date/ record date. 


If you buy the shares on or after the ex-date, you will usually not be eligible for that particular stock split. 

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