BSE Ltd’s share price on Monday declined over 17 per cent after a SEBI order. This marks the biggest single-day fall since listing.
After the Sebi’s latest directions, the regulatory fee is likely to see an increase, which might adversely affect BSE’s earnings in future.
BSE Ltd’s shares declined as high as 17 per cent in the early trade. However, at 9:50 am, the BSE shares were trading Rs 498.35 lower or 15.52 per cent at Rs 2,715 apiece on the NSE.
On Friday, BSE in its filing to the exchanges said the Securities and Exchange Board of India has asked it to pay a regulatory fee based on the annual turnover fee considering “notional value” (instead of premium turnover) in the case of the options contract.
Sebi also also asked BSE to pay a differential regulatory fee for the past periods with applicable interest of 15 per cent per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.
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