BSE Limited Buyback Offer 2019
(i) BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
(ii) BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
(iii) Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||₹ 460 Cr|
|Date of Board Meeting approving the proposal:||May 07 2019|
|Date of Public Announcement:||May 07 2019|
|Buyback Offer Size:||13.61%|
|Buyback Number of Shares:||67,64,705|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 680 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars(Cr)||Q4 FY19||Q3 FY19||QoQ Growth|
|Revenue from Operations||115.69||104.68||↑11%|
|Less : Operating Expenses||113.31||109.23||↑4%|
|Add : Non-operational Revenue||66.39||72.43||↓8%|
|Less : Non-operating expenses||17.35||19.77||↓12%|
|Profit before exceptional items||51.42||48.11||↑7%|
|Less : Exceptional Costs||3.88||3.17||↑22%|
|Add : Share of Profit of Associates||8.74||6.98||↑25%|
|Less : Taxes||4.42||1.85||↑139%|
|Net Profit Margin||28%||28%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,86,984||1,86,984||1,86,984||1,86,984|
|No. of Shares buyback||97||147||220||294|