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Are shareholders eligible for corporate action benefits if the shares are sold on the ex-date/record date?

Yes, you are still eligible for corporate action benefits even if you sell the shares on the ex-date/record date. This is because eligibility for the benefits of corporate actions requires you to have the shares in your demat account on the ex-date/record date.

Why you remain eligible when selling on the ex-date

When you sell shares on the ex-date/record date, they will be debited from your demat account on the next day (T+1 day), not on the same day. Since you held the shares in your demat account on the ex-date/record date, you qualify for the corporate action benefits.

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