Mumbai: The board of the Bombay Stock Exchange (BSE) has approved a 2:1 bonus share issue, offering two additional shares for every one held by shareholders as of the record date. This decision, announced on Sunday, awaits shareholder approval through a postal ballot.
Second Bonus Issue Since 2017 Listing
This marks BSE's second bonus issue since its listing in 2017. The company plans to issue the bonus shares from its Capital Redemption Reserves and General Reserves as of December 31, 2024. The exact record date for the bonus issue has not been finalized yet.
Eligibility and Impact
Only investors holding BSE shares before the ex-date will be eligible for the bonus shares. Bonus shares are typically issued to enhance earnings per share (EPS), increase paid-up capital, and utilize free reserves without additional cost to existing shareholders.
Dividend History Highlights Strong Performance
In line with its strong performance, BSE announced a dividend of Rs 12 per share in May 2023, with an ex-dividend date of August 4, 2023. In June 2024, the exchange declared a final dividend of Rs 15 per share, with the ex-dividend date set for June 14, 2024.
A Legacy of Excellence in Indian Markets
Established in 1875 as 'The Native Share & Stock Brokers' Association,' BSE is Asia’s first and the fastest stock exchange globally, with a trading speed of just 6 microseconds. It became India’s first listed stock exchange in 2017. Over 143 years, BSE has played a vital role in the growth of India’s corporate sector, providing an efficient platform for capital raising.
