BSE shareholders to get free shares as board approves 2:1 bonus share issue

The board of Indian Stock Exchange BSE Limited has approved the issue of 2:1 bonus stock, according to a filing on Sunday. According to the announcement, BSE will grant two shares to all the shareholders’ holdings as of the record date.

“Issued Shares 2:1 IE 2(2) Shares Each share of IE 2(2) Shares Holds each £2 pounds held by each shareholder of the company, subject to approval by the shareholders through mail-in voting.

This is the second instance where BSE announced the issue of bonus stocks after its 2017 list. Recording dates are not determined by the latest bonus issues.

According to Filing Bonus Shares, the ingress and outflows of available capital redemption reserves and general reserves will be issued on December 31, 2024.

According to the filing, only investors who hold shares in the company prior to the original date will be eligible for bonus shares.

Bonus shares are usually issued by companies to increase earnings per share (EPS), extend salaries and take advantage of free reserves while lowering reserves. Existing shareholders will receive these shares at no additional cost.

According to public information, the exchange announced a dividend of £12 per share on May 4, 2023. The day of the gift delivery date is August 4th, 2023. Additionally, in June 2024, BSE announced a dividend of £15 per share.

Founded in 1875, BSE (formerly known as the Bombay Stock Exchange) is Asia’s first & fastest stock exchange, with a speed of 6 microseconds, and is one of India’s leading exchange groups.

Over the past 143 years, BSE has driven the growth of the Indian corporate sector by providing a platform for increasing efficient capital. The stock exchange, commonly known as BSE, was founded in 1875 as the Native Share & Stock Brokers Association.