BSE to give 2 bonus shares for each held

Mumbai: BSE's shareholders would get two bonus shares for every share held. In an exchange filing on Tuesday after trading hours, the bourse said the board had approved the bonus shares as on the record date. BSE said it would inform the record date soon.

Bonus shares are additional shares that companies give to existing shareholders without any additional cost by revamping their current cash reserves. If a company makes a profit, it increases its employed capital. This surplus is distributed by increasing the number of issued shares. BSE reported its net profit surged 86% to ₹58.5 crore for the quarter ended December 31 .