4:1 Bonus Share: India’s Largest Stock Exchange Announces Record Date For 4 Free Shares For Every 1 Share

Investors holding shares on Saturday, November 2, 2024, will be eligible to receive a whopping 4 bonus shares for every 1 existing share they hold.

NSE Announces Record Date for 4:1 bonus Share Issue and Upcoming IPO Plans

Key Points:

• Record Date: Saturday, November 2, 2024 (Investors holding shares on this date will be eligible for bonus shares)
• Bonus Ratio: 4:1 (For every 1 existing share, investors will receive 4 bonus shares)
• Register of Members & Share Transfer Closure: October 4, 2024 to November 2, 2024
• Bonus Shares to be Allotted: 1.98 billion shares
• Increase in Share Capital: Rs 49.50 crore to Rs 247.5 crore
• NSE's Q1 Profit: Rs 2,567 crore (YoY growth of 39 per cent)
• Revenue: Rs 4,510 crore (YoY growth of 51 per cent)
• NSE Not Listed Publicly: Shares are sought after in the unlisted market

Exciting News for NSE Shareholders!

The National Stock Exchange of India (NSE) has finally set the record date for its highly anticipated bonus share issue. Investors holding shares on Saturday, November 2, 2024, will be eligible to receive a whopping 4 bonus shares for every 1 existing share they hold. This translates to a significant increase in ownership for shareholders.

Important Dates and Information:

• Book Closure: The register of members and share transfer books will be closed from October 4th to November 2nd, 2024. This means any transfer requests submitted during this period will not be processed.
• Complete Transfer Documents Required: To ensure smooth processing of bonus shares, ensure all transfer documents are complete and submitted before the book closure period. Incomplete applications will be delayed and could impact receiving bonus shares.

NSE's Strong Financial Performance:

NSE's recent financial performance has been impressive. The exchange reported a 39 per cent YoY growth in its Q1 consolidated profit, reaching a healthy Rs 2,567 crore. Additionally, revenue soared by 51 per cent YoY to a commendable Rs 4,510 crore. These figures highlight NSE's strong position in the Indian financial market.

Bonus Issue Paves the Way for IPO:

The bonus share issue not only rewards shareholders but also paves the way for NSE's much-awaited Initial Public Offering (IPO). With the increased share capital, NSE is now better positioned to launch its IPO, although regulatory approval is still pending.

NSE Shares Remain Sought After:

Despite not being publicly listed, NSE shares are highly sought after in the unlisted market, primarily due to the exchange's dominance in the equity derivatives segment.

Conclusion:

The NSE bonus share issue and upcoming IPO plans are positive developments for both the exchange and its shareholders. With strong financial performance and a strategic move towards an IPO, NSE is poised for continued growth.