In a recent board meeting, SEBI permitted the decision to introduce bonus shares, however, the actual date for providing BSE bonus shares has not yet been confirmed.
This is the second time BSE has been putting efforts to give bonus shares to its loyal shareholde₹ This news has sparked excitement among investors, as providing bonus shares is an indication of the company’s success.
This declaration of the bonus share can be one step closer to the company’s growth and success, and encourage investors with confidence. This is the second time BSE has been putting efforts to give bonus shares to its loyal shareholders. This news has spread the excitement to the investors. Subscribe to IPOWatch to get updates on the date of the bonus issue price.
What are the Criteria for acquiring the BSE Bonus Share?
The reason behind giving out BSE Bonus shares is to keep the loyal investors happy. The investors who hold shares of the company before the expiry date, which is set as the cut-off date, are eligible to acquire the BSE Bonus shares, meaning new investors won’t be able to enjoy the benefits of the Bonus Share. Right now, the expiry date has not been announced by the company, but it will be announced by the company.
BSE Bonus Share Record Date
The announcement was just made by the BSE board, still, there is no record date announced. Let’s wait as we will have the record date announcement soon.
History of BSE Bonus Share:
Since becoming a public company, BSE has provided over ₹170 per share in dividends. The company has a notable history of issuing bonus shares to reward its loyal shareholde₹ In 2019 and 2023, the company also reintroduced two buybacks, giving investors a chance to earn a premium on shares.
The share of BSE Limited skyrocketed to ₹5,438 on Friday, 28. If we compare the price to Thursday 27, the share price was at ₹4,694, showcasing a jump in shares by 16.09% on Friday.
After the increment in the share price of the BSE, the SEBI decided to synchronize the expiry days for equity derivatives throughout stock exchanges. The SEBI also announces that all exchanges must opt for Tuesday or Thursday as the expiry date for financial agreements. The announcement of the BSE Bonus Share raised the stock above its 200-day moving average.
