NSE to consider issuance of bonus shares

30 Apr 2024 , 10:43 AM

On Friday, May 3, NSE’s board will consider issuance of bonus shares.

This notification states that, in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors will discuss a proposal for issuing Bonus Shares during the upcoming meeting scheduled for Friday, May 3, 2024. The proposal involves capitalizing reserves, potentially leading to an increase in the Company’s Authorized Share Capital, pending requisite approvals.

The company’s board of directors will also review and approve the company’s annual audited financial reports, both standalone and consolidated, for the fiscal year ending March 31, 2024. The board is also anticipated to approve the final dividend for the fiscal year 2023–2024.

The NSE is seen as a catalyst for India’s economic progress. It was the first exchange in India to use electronic or screen-based trading, beginning operations in 1994 — a technological pioneer that maintains the reliability and performance of its systems through an innovative culture and investment in technology. The NSE administers a market environment to promote transparency and efficiency.

The NSE is owned by different financial firms, including banks and insurance companies. For the calendar year 2022, it is the world’s largest derivatives exchange in terms of contract volume and the third largest in terms of cash equities trade volume. It is the world’s seventh-largest stock exchange by total market capitalization as of January 2024.

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