BSE To Issue 2 Bonus Shares For Every Share Held By Investor
BSE Ltd. will be issuing two bonus shares for every share its investors hold, the bourse announced on Sunday.
The board approval makes this BSE's second bonus share issue in three years. In February 2022, the exchange issued bonus shares in the same ratio, giving investors two additional shares for every share held.
The company said that the record date for determining eligible shareholders will be announced later.
The bonus issue comes at a time when the company's shares have risen over 100% over the past 12 months. Since its listing in 2017, the stock has increased over 15 times. On Friday, the exchange's stock closed 17% higher at Rs 5,479.80 apiece after the National Stock Exchange deferred the implementation of its Monday expires.
"This may abate concerns around BSE's potential loss of market share and impact on earnings per share — we estimated ~12%," analysts at Jefferies had said in a note following the development. "Clarity on open interest limits is awaited but impact of that is lower for BSE. The stock has retraced majority of its fall, but lower regulatory risks & better markets can aid re-rating," the note added while maintaining a 'hold' rating on the stock.
Since its listing, BSE has issued dividends 22 times and bonus shares two times.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
