BSE Bonus Share: 2:1 Ratio Announced By NSE’s Rival; Stock Zooms 17% in Two Days; Know Record Date Details

BSE Bonus Share: The Bombay Stock Exchange, on Sunday, announced that its board of directors approved issue of bonus equity share. The Indian stock exchange declared a bonus issue in the ratio of 2:1. Amid the anticipation around BSE bonus share, the company scrip jumped more than 17% in last two trading sessions.

BSE shares jumped nearly 16% higher to close at Rs 5438 per share on NSE on Friday. The company scrip opened after maintaining nearly 5% gains of the previous trading session amid investors' cheer related to bonus issue reward announcement.

BSE Bonus Share

After its board of directors meeting on Sunday, BSE declared that its board has approved issue of bonus equity shares in the ratio of Rs 2 each for every Re 1 full paid-up equity share.

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

Bonus shares are announced by the company to reward its existing shareholders. Company gives these additional number of shares to the existing shareholders when they are not in position to pay dividend despite earning profits. According to Nirmal Bang, only a listed fim can issue bonus shares to their shareholders, which has earned massive profits or large free reserves, reported Goodreturns earlier.

BSE Bonus Share: What is the record date?

The company didn't disclose the record date for BSE bonus share announced today. The record date to finalise eligibility of shareholders for the reward will be announced in the coming days.
"The Company will inform the "Record Date" for determining the entitlement of the Shareholders to receive Bonus Shares in due course," stated BSE in its filing. BSE Bonus issue record date will determine the eligibility of shareholders who can get the benefit of bonus issue announcement.

The record date, also known as ex-date, is the day by which investors should purchase the company's shares if they want to be registered shareholders of the company (in this case BSE) for bonus issue reward.

BSE Bonus Issue

India's top stock market exchange, earlier, had announced that a board of directors meeting is scheduled to take place on Sunday, March 30, to consider and approve proposal for the issue of bonus shares.

This will be the second bonus issue by BSE in three years. The company had delivered bonus issue in 2:1 ration in March 2022. Three years later, the company has announced bonus issue in the same ratio.

BSE share price trend

The stock exchange's shares have increased significantly over the past one week. BSE's share price value has increased over 17.36% in last one month, which includes its stock value growth of 12% in last five trading session. BSE has a market capitalisation of Rs 73,617.6 crore. Its shares hit their 52-week high mark of Rs 6,133.40 per share on NSE on 20 January, 2025. Whereas its shares tanked to their 52-week-lowest mark of Rs 2,115 per share on NSE on 20 July 2024.