The shares of the Bombay Stock Exchange (BSE) surged nearly 4 percent in the morning trade on March 27 after the company said that its board would consider a proposal to issue bonus shares in a meeting on March 30. The scrip snapped its three-day losing streak to open in the green at Rs 4,650.
In an exchange filing, released in the post-market hours of March 25, BSE said, "A meeting of the Board of Directors is scheduled to be held on Sunday, March 30, 2025, to inter alia, consider and approve the proposal for issue of bonus shares, subject to requisite approvals."
The stock exchange last issued bonus shares in 2022 in the ratio of 2:1. It declared a dividend of Rs 15 a share in June 2024.
The shares of Asia's oldest stock exchange have seen significant downturn in recent days.
After hitting a 52-week high of Rs 6,113 on January 20, the stock tumbled nearly 40 percent to a three-month low of Rs 3,682 on March 11. The selloff came after its rival, the National Stock Exchange (NSE), shifted its expiry day for all F&O contracts to Monday.
BSE became the first listed stock exchange in India after its shares debuted on NSE in September 2017 at Rs 1,017 apiece. The stock has surged over four times since then.
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