BSE Raises Buyback Offer Price To Rs 1,080 Per Share

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00:00 Shares of BSE Limited were in the spotlight today, gaining over 5%. That's after the

00:05 stock exchange raised its buyback offer price to Rs 1,080 per share. That's an increase

00:10 of Rs 264 per share. The company had previously announced a Rs 374 crore buyback on 6 July

00:17 at a price of Rs 816 per share. The number of shares to be purchased had not been disclosed.

00:24 According to the latest update, the company will buy back 34.7 lakh shares or 2.56% of

00:29 the paid-up capital. And the total amount the company will spend stays the same. Since

00:33 the announcement of the buyback on 6 July, the company's shares have risen by over 57%.

00:39 And so, the current price is higher than the buyback price. The timeline for the buyback

00:44 is yet to be disclosed, but the BSE has set September 14 as the record date. So, if you

00:50 are a shareholder of the company as on that date, you will be eligible to participate.

00:54 There's a lot more that you should know about what happened in the market today. And you

00:59 can find all of those details on the website bqprime.com.

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