BSE Limited's buyback plan has got board approval. For share buyback, the board has fixed prices up to Rs 1100 per share. This buyback will be Rs 166 crores. Under the buyback, a bid of 15.09 lakh shares will be seen.
5 percent broken stock from news of the buyback
- In the trading of BSE, shares of BSE Ltd were down by more than 5% on the news of share buyback.
- The share on NSE fell by 5.11 percent to the lowest level of 931 rupees.
- Securities transaction tax, such as brokerage cost, fees, turnover charges, tax, and share buyback with GST, Stamp Duty and other transaction charges will not exceed Rs. 166.
Market cap of more than 5 thousand crores
- BSE's market cap is more than Rs. 5000 crores.
- BSE has invested Rs.2000 crores in Subsidiaries and other companies. - BSE has a stake in India International Exchange, CDSL and Indian Clearing Corp.
Market cap of BSE, 270 million less
- By the news of buyback, the market cap of BSE Ltd has decreased to Rs. 270 crores.
- The market cap of the BSE fell due to the fall in the stock.
- The market capitalization of BSE Ltd at Rs 981.20 on Monday was Rs 5268.78 crore.
On the same day, the decline in the stock has reduced the market cap of BSE, 269.56 crores.
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