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BSE Limited — Capital/Financing Update 2025
May 2, 2025
60293_rns_2025-05-02_0b33382c-de77-48ea-a333-01e21d4f9401.pdf
Capital/Financing Update
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BSE - PUBLIC
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May 2, 2025
To, The Listing Department National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051
Symbol: BSE
ISIN: INE118H01025
Ref: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Subject - Execution of Share Purchase Agreement (“SPA”) for sale of stake in BSE Institute Limited- Wholly Owned Subsidiary.
Dear Madam/Sir,
In continuation to the Company’s previous intimations dated May 8, 2024, and November 12, 2024, we would like to inform that the Company has executed a Share Purchase Agreement (“SPA”) on Friday, May 2, 2025, to divest its 100% stake in BSE Institute Limited (BIL) to AV Financial Experts Network Private Limited, subject to fulfilment of pre-closing obligations.
The details as required under the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, are given in Annexure A to this letter.
This intimation is also being made available on the website of the Company at www.bseindia.com
This is for your information and record.
Thanking you.
Yours faithfully,
For BSE Limited
Vishal Digitally signed by Vishal Kamalak Kamalaksha Bhat Date: 2025.05.02 sha Bhat 19:27:42 +05'30'
Vishal Bhat Company Secretary & Compliance Officer
Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: [email protected] www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188
BSE - PUBLIC
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Annexure A
Sale of entire stake held in BSE Institute Limited, a Wholly Owned Subsidiary of the Company
| Sr. No. | Particulars | Details | |||
|---|---|---|---|---|---|
| a) | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year |
Particulars As on March 31, 2024 (Amount in ₹) Amount Percentage Turnover 25,00,63,571 1.55% Net Worth 59,01,70,917 1.79% Turnover of BSE Institute Ltd as on March 31, 2025: ₹_28,80,93,913 _Net worth () of BSE Institute Ltd as on March 31, 2025: ₹52,24,13,750 Pursuant to NCLT order dated March 27, 2025, on April 8, 2025, BSE Institute Ltd has affected reduction in its issued, subscribed and paid-up equity shares by 49 Crores thereby resulting into repayment of ₹ 49 Crores to BSE Limited. |
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| Particulars | As on March 31, 2024 (Amount in ₹) |
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| Amount | Percentage | ||||
| Turnover | 25,00,63,571 | 1.55% | |||
| Net Worth | 59,01,70,917 | 1.79% | |||
| b) | Date on which the agreement for sale has been entered into |
Friday, May 2, 2025 | |||
| c) | The expected date of completion of sale/disposal |
On or before Saturday, May 31, 2025 | |||
| d) | Consideration for sale of 100 % stake in BIL |
Total consideration to be received is ₹ 16,90,00,000/- (Rupees Sixteen Crores ninety lakhs only) |
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| e) | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof. |
Name of the Buyer:AV Financial Experts Network Private Limited CIN of Buyer:U67100MH2018PTC318889. The buyer does not belong to the promoter/promoter group/ group companies of the Company. |
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| f) | Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arms length”. |
The transaction does not fall within the ambit of “related party transaction”. |
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| g) | Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? |
Not Applicable |
Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: [email protected]
www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188
BSE - PUBLIC
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| If yes, details of the same including compliance with regulation 37A of LODR Regulations. |
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| h) | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale. |
Not Applicable |
Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: [email protected] www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188