Will I be eligible for rights share if I buy stock on ex-date?

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No, you will not be eligible for the rights shares if the stocks are purchased on the ex-date. The shares become ex-rights from the date of ex-date and carry no rights attached to them. Thus, you cannot enjoy the benefit of right if you buy the shares on ex-date.

To be eligible for the rights issue, you need to own the shares as on record date announced by the company. Thus, you will have to purchase the shares at least 1 working day before the ex-date so that you own the shares as on record date considering T+2 settlement in India.


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