Bombay Stock Exchange Ltd. stands as Asia’s oldest stock exchange and has been a cornerstone in the Indian financial market. Over the past six months, the BSE share price has seen a remarkable appreciation. So If you invited ₹10,000 in BSE six months back, here’s how much you’d have today.
The Investment: On March 1, 2023, BSE was priced at ₹444.6. With an investment of ₹10,000, you would have secured approximately 22 shares. Fast forward to today, with the stock price soaring to ₹1,117, those shares would now be valued at approximately ₹25,000.
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Background: Today the company announced raising the offer price for its buyback offer. The company has revised the offer price from ₹816 to ₹1,080 – a 1.6% premium from the stock’s last closing price of ₹1062.75.
The company looks to buy back up to 34.70 lakh shares, representing 2.56% of the total number of equity shares. At the earlier price, the number stood at 45.93 lakh. The total cost of the buy stands the same at ₹374.80 crore. The record date for the buyback is Sept. 14.
Price Action: BSE’s share price was up 5.24% to trade at ₹1,118.45 on Friday afternoon.
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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.
Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.
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