Glossary
/Record Date
What is a Record Date?
It is the exact day a company freezes its register to see who actually owns the shares. If your name is in their books when the market closes on this day, you get the dividend or bonus shares. You don't need to hold the stock until the payout actually happens; you need to hold it on the record date. Because of the new T+1 settlement rules in India, the record date usually falls just one day after the ex-date. It is essentially the company's internal process for finalizing the list of winners.
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