The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.
Bonus issue alert: This smallcap stock goes ex-bonus for a 3:1 issue this week. Do you own?
Metropolis Healthcare’s shares will trade ex-record date for its 3:1 bonus issue on Friday, meaning only shareholders holding the stock by the record date are