Mumbai: The board of BSE Ltd. has approved a 2:1 bonus share issue, granting two additional shares for every one held by shareholders as of the record date. The announcement was made through a regulatory filing on Sunday.
The issuance is subject to shareholder approval via postal ballot, and the record date is yet to be determined. This marks BSE’s second bonus issue since its 2017 listing.
According to the filing, the bonus shares will be issued from the Capital Redemption Reserves and General Reserve as available on December 31, 2024. Only investors holding shares before the ex-date will be eligible.
BSE, founded in 1875, is Asia’s first and the world’s fastest stock exchange, with a trading speed of 6 microseconds. The exchange has played a key role in India’s capital markets and remains a prominent platform for corporate fundraising.
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