NSE Announces Record Date to be 2 Nov, for 4:1 Bonus Issue

The National Stock Exchange (NSE) has announced November 2 as the record date for its forthcoming 4:1 bonus issue.

As NSE’s shares are not listed, retail investors cannot avail of the bonus shares and as per the NSE’s shareholding pattern till June 30, Insurance companies such as General Insurance Corporation of India, New India Assurance Company, National Insurance Company, and Oriental Insurance Company hold around 5.9% stake in NSE. Ace investor Radhakishan Damani also holds a 1.58% stake in the stock exchange.

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Furthermore, NSE had applied for a no objection certificate (NOC) from Market regulator SEBI for the exchange to submit a paper for its IPO.

NSE had previously gotten approval from SEBI for its IPO. However, the regulator imposed a six-month ban in 2019 which it maintained due to complications with NSE’s co-location facilities.

In another boost to NSE’s IPO plans, SEBI had dismissed regulatory violation charges against NSE and seven former NSE employees including Chitra Ramkrishna and Ravi Narain in the co-location facility case pointing out the lack of ample evidence.

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