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BSE Limited share price jumps 7% as board plans to float bonus issue

The BSE board will meet on February 8 to consider the unaudited financial results for the quarter and nine months ended December 31

December 28, 2021 / 10:51 AM IST
 
 
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BSE Limited share price jumped over 7 percent in the morning session on December 28 on news that the company's board will consider a bonus issue on February 10.

The BSE board will meet on February 8 to consider the unaudited financial results for the quarter and nine months ended December 31, 2021. It will also consider a proposal for issuing bonus shares.

"As per Regulation 29(1)(f) of the SEBI Listing Regulations, the Board of Directors shall, inter-alia, consider, the proposal for issue of bonus shares at the aforesaid meeting, subject to requisite approvals," BSE said in a statement.

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The stock was trading at Rs 1,963.85, up Rs 128.70, or 7.01 percent, at 10:34am. It has touched an intraday high of Rs 2,028.00 and an intraday low of Rs 1,938.30.

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The scrip was trading with volumes of 1,224,336 shares, compared to its five day average of 620,289 shares, an increase of 97.38 percent.

Bonus shares are shares distributed by a company to its current shareholders as fully paid shares free of charge based upon the number of shares that shareholders already own.
Moneycontrol News
first published: Dec 28, 2021 10:51 am
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