Hi,
I need following clarification about 1:1 equity bonus. Please help me.
Suppose on 20-Jun-2011 XYZ company announced that company will issue 1:1 bonus shares.
Say
Ex-Bonus date : 28-Jun-2011
Record Date : 29-Jun-2011
Book Closure : 30-Jun-2011 to 1-Jul-2011
Scnario 1:
Suppose if I purchase 200 quantity of XYZ company shares(Delivery) on 24-Jun-2011, my shares will be credited in my demat account on T+2 ie 26-Jun-2011.
On Ex-Bonus date share value become half.
If I sell share on 27-Jun-2011 ie day before Ex-Bonus date, will I get bonus shares or not?
Scnario 2:
Suppose if I purchase 200 XYZ company shares on 27-Jun-2011 ie day before Ex-bonus date, my shares will be credited in my demat account on T+2 ie 29-Jun-2011.
But If I sell share on 28-Jun-2011 itself ie on Ex-Bonus date, will I get bonus shares or not?
Scnario 3:
Suppose if I purchase 200 XYZ company shares on 26-Jun-2011, my shares will be credited on T+2 ie 28-Jun-2011.
But If I sell share on 27-Jun-2011 itself ie a day before Ex-Bonus date, will I get bonus shares or not?
Scnario 4:
Suppose If the above Record Date is changed to 30-Jun-2011, will the same above answers applicable for the above questions.
Question 1:
Suppose if I sell shares from demat account on 28-Jun-2011 (T), how many date will it required to debit from my demat account. T+1 (29-Jun-2011) or T+2 (30-Jun-2011)
Thanks in Advance
I need following clarification about 1:1 equity bonus. Please help me.
Suppose on 20-Jun-2011 XYZ company announced that company will issue 1:1 bonus shares.
Say
Ex-Bonus date : 28-Jun-2011
Record Date : 29-Jun-2011
Book Closure : 30-Jun-2011 to 1-Jul-2011
Scnario 1:
Suppose if I purchase 200 quantity of XYZ company shares(Delivery) on 24-Jun-2011, my shares will be credited in my demat account on T+2 ie 26-Jun-2011.
On Ex-Bonus date share value become half.
If I sell share on 27-Jun-2011 ie day before Ex-Bonus date, will I get bonus shares or not?
Scnario 2:
Suppose if I purchase 200 XYZ company shares on 27-Jun-2011 ie day before Ex-bonus date, my shares will be credited in my demat account on T+2 ie 29-Jun-2011.
But If I sell share on 28-Jun-2011 itself ie on Ex-Bonus date, will I get bonus shares or not?
Scnario 3:
Suppose if I purchase 200 XYZ company shares on 26-Jun-2011, my shares will be credited on T+2 ie 28-Jun-2011.
But If I sell share on 27-Jun-2011 itself ie a day before Ex-Bonus date, will I get bonus shares or not?
Scnario 4:
Suppose If the above Record Date is changed to 30-Jun-2011, will the same above answers applicable for the above questions.
Question 1:
Suppose if I sell shares from demat account on 28-Jun-2011 (T), how many date will it required to debit from my demat account. T+1 (29-Jun-2011) or T+2 (30-Jun-2011)
Thanks in Advance