The bonus issue is a corporate action under which the existing shareholders get additional shares from the company.
Shareholders holding the shares in their demat accounts on the record date are eligible for corporate actions such as entitlement of rights shares, bonus shares, stock splits, dividends, etc.
It typically takes around 15 days from the record date for bonus shares to get credited to the shareholder's demat account. However, this can vary depending on the Registrar and Share Transfer Agents (RTAs). Shareholders receive a notification from NSDL/CDSL when the bonus shares are credited to their demat account. The bonus shares are first credited under a temporary ISIN and are not immediately admitted to trading. It usually takes around 3-4 days for the shares to move from the temporary ISIN to the permanent ISIN after receiving approval for trading. The bonus shares will only appear after they are approved for trading.
It typically takes around 15 days from the record date for bonus shares to be credited to the shareholder's demat account, but this can vary depending on the Registrar and Share Transfer Agents (RTA). Shareholders receive a notification from NSDL/CDSL when the bonus shares are credited to their demat account. The bonus shares are first credited under a temporary ISIN and are not immediately admitted to trading. It usually takes around 3-4days for the shares to move from the temporary ISIN to the permanent ISIN after receiving approval for trading. The bonus shares will only appear on after being approved for trading.
Buyback or share repurchase is a corporate action in which a company buys back its shares from the shareholders. Generally, companies “buyback” shares at a price higher than the current market price. There are two types of buyback: tender offer and open market offer. Companies can choose either of these methods to buy back shares from their shareholders.
The POA / DDPI enabled customers can apply for buyback of shares as below: -
Dividends are a portion of the profits or reserves paid by the company to its shareholders. A shareholder must hold the stocks in their demat account before the ex-date/ record date to be eligible for receiving dividend payout.
The Registrar and Transfer Agents (RTA) appointed by companies are responsible for processing dividend payments. RBL does not receive any details about the dividend being credited to the shareholders. Shareholders who are eligible for the dividends but have not received them can contact the RTA. The details of the RTA of a company can be found on the website of NSE and BSE.
In order to qualify for dividends, shareholders must hold the stock in their demat account on the ex-date/ record date of the dividend issue. The stock purchase should be made at least one day before the ex-date/ record date to ensure delivery of the stocks into the demat account by the record date.
Dividends are a portion of the profits or reserves paid by the company to its shareholders. A shareholder must hold the stocks in their demat before the ex-date/record date to be eligible for a dividend.
You can check your Mutual Funds portfolio under the Mutual Fund tab on the platform. – Dashboard.
Capital Gains (Long Team/ Short Term/ Speculative) can be checked as mentioned below:
Dynami:
1. Log in to your account.
2. Go to Hamburger Menu.
3. Select Reports, followed by Back Office Reports.
4. Now click on Profit and Loss Report to check applicable capital gains.
Leap:
1. Log in to your account.
2. Go to Portfolio and select Equity.
3. Now click on Booked P&L and Download to check the applicable capital gains.
Portal:
1. Log in to your account.
2. Go to My Account and select Back Office Reports.
3. Now click on Profit and Loss Statement.
A rights issue is a type of corporate action that enables company's current shareholders to purchase extra shares in proportion to their existing holdings, generally at a reduced price. Eligible shareholders will receive right entitlements (REs) in their demat accounts, which can be used to apply for the rights issue or trade on the market. However, if the REs are neither sold nor utilized for the rights issue, they will eventually expire and become worthless.
The RTA will put up the exact link on their website once the issue is live. The same goes for the banks which will support the issue. Alternatively, to apply for a rights issue, shareholders can use the Applications Supported by Blocked Amount (ASBA) process if their bank supports it.
Rights Entitlements (REs) are temporary demat securities that represent the shareholder’s eligibility to apply for the rights issue. Rights entitlements are offered to shareholders as a ratio to the number of securities held on the record date.
A stock split is a corporate action where a company increases the number of shares by reducing the face value of the stock. Companies generally split shares to increase liquidity since the price of the stock reduces after the split. A split increases the number of shares by decreasing the face value, but the total value of the investment remains the same. The split shares will be credited in 2 days.
Consolidation of shares is a corporate action where a company reduces the number of outstanding shares by combining the shares and increasing the face value. Consolidation of shares is also known as reverse stock split. The company notifies the shareholders through email before the stock consolidation.
The split shares will be credited in 2 days.
A stock split is a corporate action where a company increases the number of shares by reducing the face value of the stock. Companies generally split shares to increase liquidity since the price of the stock reduces after the split. A split increases the number of shares by decreasing the face value, but the total value of the investment remains the same.