BSE Ltd.'s board has approved a 2:1 bonus share issue, granting two free shares for every one held by shareholders as of the record date, the company announced on Sunday, March 30.
This marks the second time since its 2017 listing that BSE has considered a bonus share issue. The previous instance was in 2022, when the exchange issued bonus shares in the same 2:1 ratio.
The record date for the latest bonus issue is yet to be determined. Only investors holding BSE shares before the ex-date will be eligible to receive the bonus shares.
Companies typically issue bonus shares to capitalize on free reserves, boost their earnings per share (EPS), and expand their paid-up capital while reducing reserves. These shares are distributed at no extra cost to existing shareholders.
Since its listing, BSE has paid over Rs 170 per share in dividends and conducted two share buybacks, one in 2019 and another in 2023.
On Friday, BSE Ltd. shares surged 16.09 percent to close at Rs 5,438. The stock remains flat in 2025 so far.
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