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BSE Limited — M&A Activity 2026
Apr 23, 2026
60293_rns_2026-04-23_94987ffd-5e83-43c8-b058-eddbc6e82390.pdf
M&A Activity
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BSE - PUBLIC
BSE The Power of Vibrance
April 23, 2026
To,
The Listing Department,
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor, Plot no. C/1
G Block Bandra-Kurla Complex, Bandra (E)
Mumbai – 400 051
Symbol: BSE
ISIN: INE118H01025
Subject: Merger of BSE Investments Limited (“BSEINV”) and BSE Administration & Supervision Limited (“BASL”) (wholly owned subsidiaries of BSE Limited) with BSE Technologies Private Limited (“BTPL”) (wholly owned subsidiary of BSE Limited)
Dear Madam / Sir,
In continuation of our earlier intimation dated August 26, 2025, it is hereby informed that the Scheme of Merger (“Scheme”) between BSE Investments Limited (“BSEINV”) and BSE Administration & Supervision Limited (“BASL”) (wholly owned subsidiaries) with BSE Technologies Private Limited (wholly owned subsidiary), under Section 233 of the Companies Act, 2013 read with corresponding Rules made thereunder, has been approved by the Regional Director - I, Western Region, MCA, vide order dated April 8, 2026.
The said order has been duly filed with the Registrar of Companies on April 23, 2026. Accordingly, the Scheme has become effective from April 23, 2026 (“Effective Date”). Consequent to the merger, BSEINV and BASL have ceased to exist with effect from the Effective Date and, accordingly, have also ceased to be wholly-owned subsidiaries of BSE Limited.
Details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1 /P/CI R/2023/123 dated July 13, 2023, is enclosed as Annexure - A.
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
BSE
The Power of Vibrance
This intimation is also being made available on the website of the Company at www.bseindia.com.
We request you to take the above information on record.
Thanking You,
For BSE Limited
Vishal
Kamalaksha
Bhat
Digitally signed by Vishal
Kamalaksha Bhat
Date: 2020.04.23
20:20:52 +05'00'
Vishal Bhat
Company Secretary & Compliance Officer
ACS 41136
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
BSE
The Power of Vibrance
Annexure – A
| Sr. No. | Particulars | Description | |
|---|---|---|---|
| 1. | Name of the entity(ies) forming part of the amalgamation/merger, details in brief such as, size, turnover etc.; | A. Name of Entities forming part of Merger: | |
| 1. BSE Investments Limited – First Transferor Company (Wholly owned subsidiary of BSE Limited) | |||
| 2. BSE Administration & Supervision Limited – Second Transferor Company (Wholly owned subsidiary of BSE Limited) | |||
| 3. BSE Technologies Private Limited – Transferee Company (Wholly owned subsidiary of BSE Limited) | |||
| B. Turnover as on September 30, 2025 (Based on last audited financial statements) | |||
| Name of Entity | Turnover (in Rs.) | ||
| BSE Investments Limited | 51,21,421 | ||
| BSE Administration & Supervision Limited | 34,36,310 | ||
| 2. | Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length | No. Since the same is exempt under Regulation 23 (5)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. | |
| 3. | Area of business of the entity | BSE Investments Limited was set up to carry on the investment activities of BSE Limited. | |
| BSE Administration & Supervision Limited was set up to administer and supervise Investment Advisors. However, the entity does not carry out any business activity pursuant to SEBI Circular dated May 2, 2024. |
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
BSE
The Power of Vibrance
| Sr. No. | Particulars | Description | ||
|---|---|---|---|---|
| BSE Technologies Private Limited is engaged in the business of providing IT solutions with focus on commodities, Banking & Financial Services in India. | ||||
| 4. | Rationale for amalgamation/ merger | Since both the transferor companies and transferee company are sister concerns, this merger was undertaken to achieve a simple corporate structure and eliminate duplicate corporate procedures. | ||
| 5. | In case of cash consideration – amount or otherwise share exchange ratio | There is no cash consideration. However, BSE Technologies Private Limited will be issuing 27,74,38,600 equity of Re.1/- each shares to BSE Limited in the following manner. | ||
| Particulars | BSE Investments Limited (“First Transferor Company”) | BSE Administration & Supervision Limited (“Second Transferor Company”) | ||
| No. of shares held by BSE Limited | 83,00,00,000 | 1,00,00,000 | ||
| Swap ratio | 30,646 shares for every 1,00,000 shares held in first Transferor Company | 2,30,768 shares for every 1,00,000 held in second Transferor Company | ||
| Total No. of shares to be issued to BSE Limited as per swap ratio | 25,43,61,680 (A) | 2,30,76,800 (B) |
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
BSE
The Power of Vibrance
| Sr. No. | Particulars | Description | |
|---|---|---|---|
| Total shares to be issued (A+B) | 27,74,38,600 | ||
| Note: BSE Technologies Private Limited shall remain a Wholly-Owned Subsidiary of BSE Limited. | |||
| 6. | Brief details of change in shareholding pattern (if any) of listed entity. | 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