BSE shares rise 4% ahead of bonus issue board meeting on March 30

The board of the Bombay Stock Exchange Ltd. (BSE) will meet on Sunday, March 30, to consider a bonus issue of shares, it said in an exchange filing on Wednesday, March 26, post market closing.

This will be the second instance since the company's listing back in 2017 that the board will be considering a bonus issue of shares.

Record date for the proposed bonus issue is yet to be determined.

Earlier, Asia's oldest stock exchange had issued two bonus shares to shareholders for every one share that they held (2:1) back in 2022.

Since its listing, BSE has paid dividends worth over ₹170 per share, and also carried out buybacks of its equity shares, once in 2019 and the other in 2023.

"We will not run behind derivative market share. However, there should be a spread between 2 expiries," BSE MD & CEO Sundararaman Ramamurthy told CNBC-TV18 earlier this week.

"No probability can ever be ruled out; however, ascribing a high or low percentage to it is very difficult at this point," the BSE MD & CEO said when asked about whether BSE will shift its options expiry date in response to NSE's move.

Shares of BSE ended 3.6% lower on Wednesday at ₹4,484. The stock is down 27% from its peak of ₹6,133.

Also Read: BSE shares have 37% upside potential on hopes of better margins, UBS says