Feedback Message Board

Yes unless the sale is of eATM nature as the shares will not be debited on the same day.

I see. Thank you KSRK sir.

Ksrk sir, lokes sir,
If i sell on ex date(21st) or ex date+1 ( 22nd, recorddate-1), the shares will not be removed from my dmat on 23rd as i use zerodha and upstox and not eATM. Would i be eligible for buyback and considered my shares recorded?

some confusions need to be sorted here.

EX-Date is a day before RECORD Date , so EX-Date is 22Feb

Thanks for correcting. Sorry, I mean my trade day of selling not ex date.
So if i sell on 21st -> it will remove on 23rd from demat at 11am around. Would i still be considered for buyback.
if i sell on 22nd -> stocks will be in demat on 23rd. I should be considered right?

>>>So if i sell on 21st -> it will remove on 23rd from demat at 11am around. Would i still be considered for buyback.

Yes, you will be considered for buyback but please be mindful of this below case as well. Sometimes there is an issue like short selling happened because of which there is rarely an extra day taken for settlement. [You can find more details of this rare case on zerodha s site as well]

So if someone wants to be extra extra sure then just sell it T+2 with ex-date in mind Or in other words , sell before T+3 of record date.

I didnt get you. If I am selling, why short delivery will happen. I know i have stocks in my demat. I will be able to deliver to buyer on T+2 if sell on T+0.
Even if there is short delivery ( which is technically not possible when being seller i have shares), I will get an extra day for settlement , which is good for me .

My question was simple, if i sell on 21st, the stock will for sure remove from my demat on 23rd 11 am. Will it be considered for buyback?
Again re-thinking it, I think now it will not be considered for buyback . On seller side, on T+2 , it will be removed and hence wont be recorded .
Its better to sell on 22nd.

Yes, so short delivery can happen(randomly)if your shares haven't 'settled' into your account in the first place.

i am getting confused by this part of your comment - "Its better to sell on 22nd."
Did you mean better to sell on 18th ? If yes, thats right

@snipetraj
don't sell on 21, shares would get debited on or before 23 and you will lose on buyback

for 22nd

i am not 100% sure but i think shares will be debited on 24th and therefore you should be eligible for buyback
but again i am not really sure on this so do research on this before taking any call

better to sell after record date if you want to

don't sell on 21, on that i am sure

Thanks aashisk. i agree. Selling on 21st will not be eligible for buyback. 22nd should be ok.

@snipperRaj: if you sell on 21st, then 100% not eligible for buyback no matter which broker you are using.
if you sell on 22nd, then also its risky in case of buybacks, where sometimes if you sell on ex date then you are not eligible as seen many times before with multiple brokers. Buybacks are not like bonus/dividends where surely you will get benefit even if you sell on ex date. (may be from broker pool account etc which will not be applicable for buyback).
Selling on 23rd feb will be safe, to be eligible for buyback.