Shares of BSE Ltd. experienced a sharp fall of 66.6% on Friday after the stock began trading ex-bonus, marking the implementation of the company’s 2:1 bonus issue.
BSE had previously announced a 2:1 bonus share issue, which came into effect today, taking the price of the stock to Rs 2,335 on the NSE. However, on a post-adjustment basis, BSE shares rose 2.3% to their day’s high of Rs 2,389.
Investors who held shares of the company as of the record date, May 23, are now eligible to receive two fully paid-up equity shares of Rs 2 each for every one equity share they previously held.
To be eligible under the T+1 settlement cycle, investors needed to purchase BSE shares no later than Thursday, May 22, to ensure the shares reflected in their demat accounts by the record date.
The company has stated that the deemed date of allotment for the bonus shares is Monday, May 26, and the newly allotted shares will be available for trading from the next working day, Tuesday, May 27.
This is only the second time in its history that BSE has issued bonus shares, according to Trendlyne data. The previous bonus issue took place in March 2022.
BSE share price history
Over the past year, BSE shares have delivered an impressive return of 176.81%. In the last 6 months, the stock has surged by 55.75%, while the 3-month performance shows a gain of 27.68%. On a shorter-term basis, BSE shares have climbed 17.78% in the past 1 month.
Also read: Trent, BEL shares surge up to 3% on entry in Sensex effective June 23
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
BSE had previously announced a 2:1 bonus share issue, which came into effect today, taking the price of the stock to Rs 2,335 on the NSE. However, on a post-adjustment basis, BSE shares rose 2.3% to their day’s high of Rs 2,389.
Investors who held shares of the company as of the record date, May 23, are now eligible to receive two fully paid-up equity shares of Rs 2 each for every one equity share they previously held.
To be eligible under the T+1 settlement cycle, investors needed to purchase BSE shares no later than Thursday, May 22, to ensure the shares reflected in their demat accounts by the record date.
The company has stated that the deemed date of allotment for the bonus shares is Monday, May 26, and the newly allotted shares will be available for trading from the next working day, Tuesday, May 27.
This is only the second time in its history that BSE has issued bonus shares, according to Trendlyne data. The previous bonus issue took place in March 2022.
BSE share price history
Over the past year, BSE shares have delivered an impressive return of 176.81%. In the last 6 months, the stock has surged by 55.75%, while the 3-month performance shows a gain of 27.68%. On a shorter-term basis, BSE shares have climbed 17.78% in the past 1 month.
Also read: Trent, BEL shares surge up to 3% on entry in Sensex effective June 23
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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