What will happen in case there is a corporate action happening in the scrip in which I have placed VTD order and order is still valid?
If a corporate action is announced in any scrip then such scrip will be disabled by IIFL for VTD overnight order placement on your behalf from Ex Date minus 1 day till Record date. If your VTD order in such scrip is still valid then your orders in such scrips will get rejected during this period and orders will not be placed on subsequent days post rejection. This is to safeguard your interest and avoid placement of orders at unrealistic prices due to the impact of corporate action. You are thereby requested to login into your account to see the status of orders in such scrips and place fresh orders again at appropriate prices in case you wish to continue with VTD orders in such scrips after corporate action has been completed.