I have already been holding 6 reliance equity shares for more than one year as of 9th Sep 2017, but due to 1:1 bonus share the share price halved. I need some emergency funds now so I want to sell the 6 reliance shares. So, if I sell my old 6 reliance shares now will I still be eligible to get my 6 additional bonus shares. Can you please check and confirm because I don’t have time to wait for 2 weeks. Please clarify.
The record date for Reliance bonus issue was 8 Sep 2017. So if the shares were present in your Demat account as of record date that is 8 Sep, then you are already eligible for the bonus shares. You can go ahead and sell your 6 shares if required, the bonus shares will still come to you.