BSE Share Price Live

History of BSE Limited 

Established in 1875, BSE (previously known as the Bombay Stock Exchange) is Asia’s first and fastest stock exchange globally. 

In 1875, BSE was formed as the Native Share and Stock Brokers’ Association. In August 1957, BSE was granted permanent recognition under the Securities Contracts (Regulation) Act (SCRA). On January 2, 1986, India’s first equity index, S&P BSE SENSEX, was launched. In 4 years, i.e., in 1990, the S&P BSE SENSEX closed above 1000. In May 1992, the SEBI Act was established for the protection, development and regulation of the securities market. In 2000, equity derivatives were introduced, which was followed by index options, stock futures and stock options in 2001. in 2001. 

In 2005, BSE became a corporate entity, and the next year, the BSE Gujarati and BSE Hindi websites were launched. On March 7, 2007, Singapore Exchange Limited agreed to acquire a stake of 5% in BSE. BSE was the first stock exchange to introduce mobile-based trading, launched in 2010. In the same year, they commenced several indices, such as the S&P BSE Volatility Index and the S&P BSE Shariah Index. In 2012, BSE launched the BSE SME Exchange platform. 

In February 2017, BSE Limited went public and became the first stock exchange in India to get listed on the National Stock Exchange (NSE). In 2019, the company also launched the country’s first exchange-traded interest rate options. In July 2020, they partnered with LIC Mutual Fund and offered BSE eKYC services. In March 2022, BSE partnered with the Federal Bank to promote the listing of SMEs and startups. As of March 2023, BSE Limited has 31 offices in India.

Business Segments of BSE Limited 

The primary business segment of BSE Limited is Stock Exchange Operations. Under this segment, the company facilitates trading in securities and other related services. The company acts as a trading platform for securities and lists securities. 

As of March 31, 2023, a few subsidiaries of BSE Limited are as follows:

• Indian Clearing Corporation Limited (ICCL): This is a wholly-owned subsidiary of the company that carries out its clearing and settlement operations. 

• BSE Technologies Private Limited: This wholly-owned subsidiary of BSE Limited offers IT support services. 

• BSE Institute Limited: This wholly-owned subsidiary of BSE Limited trains regulators, working professionals and students for a career in the financial markets. 

Key Personalities of BSE Limited

Sundararaman Ramamurthy, Managing Director and Chief Executive Officer (CEO)

Sundararaman Ramamurthy is the Managing Director and CEO of BSE Limited. He has over 38 years of experience in the financial services sector. Previously, he worked at various top financial institutions. He was the MD and Chief Operating Officer at the Bank of America’s Indian arm. He also was a senior member of the National Stock Exchange of India Limited (NSE), where he worked for about 20 years. He also worked at the Indian Overseas Bank, State Bank of India, etc.

Corporate Actions of BSE Limited

The company released bonus shares of a 2:1 ratio with an ex-date of March 21, 2022, and a record date of March 22, 2022.