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Bombay Stock Exchange formed a company namely BSE Ltd. which was incorporated on 10th March, 2005 with the Authorized Capital of 50, 00, 00,000 Equity shares of Rs.1 each. The Issued, Subscribed & Paid up Capital of the company is 102,377,772shares of Rs. 1 each fully paid. The Basic E.P.S. is Rs.18.67 /-where as the Diluted E.P.S. is Rs.18.67/-.
B.S.E. Ltd. is regularly paying handsome dividend to the share holders for each financial year. The dividend rate for financial year 2005-06 was 132% and in addition to this the co. has paid 1000% one time special dividend on pro rata basis to the share holders for its excellent performance during the year. The dividend rate for financial year 2006-2007 was 1200% and for financial year 2007-08 it was 3000% which is Rs. 30 per Equity share of Rs. 1 face value. 2008-09 it was @ 4/- rs. Per share. This company is still UNQUOTED & NON-LISTED on any of the Indian or international stock exchanges. The company has undersigned an Agreement fo r 15% stake @ Rs. 5,200 per share with Singapore Exchange & Deutsche Borse. These are the strategic partners of the Bombay Stock Exchange.
The company is issuing Bonus of 12 new equity shares of Rs.1 each for every 1 Equity share held of Rs.1 each to the shareholders. The all time high rate of this scrip is Rs.5, 500 per share. Due to Market condition right now, the rates of the scrip have diminished & so it is the right time to invest in this scrip.
BOMBAY STOCK EXCHANGE LTD IS READY FOR ITS IPO
Bombay Stock Exchange Ltd is ready for its IPO, the management of Asia's oldest bourse told its shareholders during the annual general meeting on Friday. BSE has sought SEBI's approval for the IPO and is waiting for the guidelines for listing, said a member who attended the annual general meeting. The exchange has identified the merchant bankers and the draft red herring prospectus is being prepared, the member said.
This is the first time a stock exchange in India is planning to get itself listed. However, SEBI is yet to finalize the guidelines for listing of stock exchanges. “SEBI wants to be doubly sure on all aspects as it will set a precedent for other exchanges like NSE, MCX Stock Exchange,” said a leading stockbroker. The main issue is if BSE will be allowed self-listing or if it has to go for cross-listing. BSE has become eligible for public listing after it issued bonus shares in the ratio of 1:12 in February, raising its share capital to over 10.28 crore shares, enough for meeting the minimum limit of Rs 3 crore, according to the listing agreement requirements. Interim Dividend The BSE management has assured the shareholders that it will consider their demand for interim dividend. Currently, the shareholders receive annual dividends.
During the annual general meeting, the shareholders approved 400 per cent dividend for 2008-09. Deena Mehta Appointment At the meeting, Ms Deena Mehta was unanimously elected as the Trading Member Director on the Board of the exchange. She will replace Mr Siddharth Shah, who will be completing his term soon. Ms Mehta has held the position of BSE Vice-President and briefly acted as the BSE President. Two broker directors on the BSE board are Mr Prakash Kacholia and Mr Balkishan Mohta, reports The Hindu Business Line. |
