Last day to buy IGL, Natco shares before record date
In short
Investors were told Thursday was the last day to buy shares of IGL, Natco Pharma and five other stocks before the record date.
Because of the T+1 settlement rule, only shareholders who already hold the shares by Thursday can qualify. The exact dividend or bonus details for each stock were not stated in the available reporting.
What the reporting says
Investors were told that Thursday was the last day to buy shares of IGL, Natco Pharma and five other stocks before the record date under the T+1 settlement norm. The publisher summary says only shareholders holding the shares in demat accounts as of Thursday will be eligible. The exact corporate actions for each stock were not fully listed in the supplied snippet, so the specific payouts or bonus ratios are not stated.
Why it matters
The report says investors needed to hold IGL, Natco Pharma and five other stocks in demat accounts by Thursday to be eligible ahead of the record date, due to SEBI’s T+1 settlement norm. The snippet does not state the individual corporate-action terms for each company. The immediate effect is on eligibility for the announced payouts or bonus issues, but the exact amounts and ratios are not provided.