BSE Ltd shares jump to consider bonus issue

“You are informed that, in accordance with Regulation 29(1)(a) of the Listing Regulations, a meeting of the Board of Directors is to be held on Tuesday, the 8th February, 2022, to consider and approve, inter alia The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2021 and the Limited Review Report thereon.

Further, in accordance with Regulation 29(1)(f) of the SEBI Listing Regulations, the Board of Directors shall, inter alia, consider the proposal for issue of bonus shares in the above meeting, subject to the requisite approvals, “BSE NSE said in a statement to.

A company issues bonus shares to its shareholders with the aim of increasing the liquidity of the stock as well as reducing the price of its stock to make it affordable to investors. Bonus shares are fully paid-up additional shares issued by a company to its pre-existing shareholder.

BSE shares have delivered multibagger returns in 2021, with the stock rallying over 210% year-on-year, while scrip has jumped over 113% in the six-month period alone.

Established in 1875, BSE (Bombay Stock Exchange) is the first stock exchange in Asia which is one of the major exchange groups in India. The exchange was established in 1875 as ‘The Native Share and Stock Brokers Association’. In 2017 BSE became the first listed stock exchange in India. BSE’s popular equity index – S&P BSE Sensex – is India’s most widely tracked stock market benchmark index.