The Bombay Stock Exchange (BSE) has made a significant announcement that has caught the attention of investors and market enthusiasts alike. On March 30, the BSE Board of Directors approved a bonus issue of equity shares in a remarkable 2:1 ratio. This decision promises to enhance shareholder value, allowing investors to receive two additional shares for every one share they currently hold.
Details of the Bonus Issue
According to the exchange’s filing with the National Stock Exchange (NSE), shareholders will receive two equity shares with a nominal value of ₹2 each for every fully paid-up equity share they own. This bonus issue is projected to exceed ₹54.93 crore, covering a total of 27,46,52,718 equity shares.
- Bonus Ratio: 2 new shares for every 1 existing share
- Face Value: ₹2 per share
- Total Value: ₹54.93 crore
Approval and Next Steps
The company outlined that this bonus share distribution is subject to the approval of shareholders via Postal Ballot. Furthermore, the BSE indicated that it will announce the Record Date for the bonus allocation shortly. Shareholders can expect the shares to be credited by May 29, 2025, which is approximately two months from the approval date.
BSE Share Price Surge
Following this announcement, BSE shares experienced a notable increase, closing at ₹5,438—a 16.09% rise from the previous closing price of ₹4,684.35. This jump in stock price can be attributed to the excitement surrounding the bonus issue, alongside recent changes proposed by the Securities and Exchange Board of India (SEBI) regarding derivatives expiry schedules. As a result, the National Stock Exchange (NSE) has decided to delay its plans to adjust the weekly expiry day.
In summary, the BSE’s bonus issue represents a strategic move to bolster shareholder confidence and enhance market performance. As details continue to unfold, both current and potential investors should stay tuned for further updates.
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