The Board of Directors of BSE Limited (the “Company”) at its meeting held today, i.e., July 6, 2023 has considered and approved the proposal for buyback of fully paid up equity shares of the Company through the “tender offer” route, on a proportionate basis, at a price of Rs 816/- per Equity Share (“Buyback Offer Price”), payable in cash, for an aggregate maximum amount not exceeding Rs 374.8 crore (“Buyback Offer Size”).
The resultant Equity Shares to be bought back at the Buyback Offer Price are 45,93,137 Equity Shares, representing 3.39 % of the total number of Equity Shares in the total paid-up equity capital of the Company as on March 31, 2023.
The Buyback Offer Size represents 25.00% and 19.64% of the aggregate of the Company’s paid-up equity capital and free reserves as per the audited standalone financial statements and audited consolidated financial statements of the Company, for the financial year ended March 31, 2023, respectively.
The Buyback Offer Price represents premium of 34.09 % over the closing price of the Equity Shares on NSE on Friday, June 30, 2023, being the day preceding the date when intimation for the Board Meeting was sent to the Stock Exchange.
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