BSE shares climb 6% as company mulls bonus share issuance on March 30
[hfe_template id='11223']
[ad_1]
BSE shares surged nearly 6%, hitting the day's high of Rs 4,730.30 on the NSE after the exchange announced that its board of directors would meet on March 30 to consider and approve a proposal to issue bonus shares. This could mark the stock exchange operator's second bonus issue in three years. BSE shares had fallen for three consecutive sessions leading up to Wednesday, with the stock closing at Rs 4,474.70 on that day. If approved, this would be BSE’s second bonus share issue since March 2022, when it allotted two bonus shares for every one share held by investors. In line with regulatory requirements, BSE stated that the trading window for dealing in its securities would remain closed from Wednesday, March 26, through Tuesday, April 1. The trading window will also remain shut from April 1 until 48 hours after the declaration of financial results, the company said in the filing. BSE shares have gained 91% over the past year and...