BSE Ltd. has announced a 2-for-1 bonus share issue, meaning shareholders will get two extra shares for every one they own. This is only the second time BSE has done this since it got listed in 2017, with the last time being in 2022, also in a 2:1 ratio.
The exact date to qualify for the bonus (record date) hasn’t been declared yet. To receive the bonus, investors must own the shares before the ex-date.
Bonus shares are usually given to reward shareholders without any cost, using the company’s reserves. It helps increase the total number of shares in the market and adjusts the company’s earnings per share.
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