I have bought Mirza International on 28th Mar at Rs 257 and shares were credited in my DEMAT on 31st Mar. It started trading ex-demerger on 29th Mar.My broker (ICICI DIRECT) says I will not get REDTAPE shares in my DEMAT as shares were credited in my demat on 31st. Is it correct action on the part of ICICI DIRECT. Can it refuse me REDTAPE shares when I have bought Mirza at Cum-demerger price ? Requested to help.
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