BSE Shareholders To Get Free Shares As Board Approves 2:1 Bonus Share Issue

As per the announcement, the BSE will grant two shares for every one held by shareholders as of the record date.

Mumbai:

The board of Indian stock exchange BSE limited approved a 2:1 bonus share issue, as per the filing on Sunday.

As per the announcement, the BSE will grant two shares for every one held by shareholders as of the record date.

"Issue of Bonus equity shares in the ratio 2:1 i.e. 2 (Two) equity shares of Rs 2 each for every 1 (One) full paid-up equity share of Rs 2 each held by the Shareholders of the Company as on the Record Date, subject to the approval of Shareholders through Postal Ballot," BSE said in a filing.

This marks the second instance when BSE has announce the bonus share issue after its listing in in 2017. The record date is not determined for the latest bonus issue.

As per the filing bonus shares will be issued from and out of Capital Redemption Reserves and General Reserve as available on December 31, 2024.

According to the filing only investors holding shares of the company before the ex-date will be eligible for the bonus shares.

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