Comment on Online pledging of stocks for trading F&O
commented on
18 May 2017, 03:11 PM
Yes, Naveen. Even though you’ve pledged you are eligible for Bonus, Dividends and other corporate actions. But in the case of a buyback, you’d need to have the shares in your demat account as on record date to participate in the buyback and receive the tender form. You would have been eligible to participate had you unpledged it before 05/05/2017.
For example: If there’s a dividend declared when you pledge shares, although the shares aren’t in your possession, you will still be entitled to receive benefits of all corporate actions since you’re the ultimate beneficial owner of such sharesThe broker will pass on such dividends to your account.