BSE Ltd (Bombay Stock Exchange) witnessed a significant decline of over 17% in its share price during morning trades on Monday, marking its largest single-day drop since its listing. This downturn is linked to BSE’s requirement to pay a higher regulatory fee to SEBI (Securities and Exchange Board of India) for derivatives, calculated based on the notional turnover rather than premiums.
BSE is required to complete the task within a month, covering past periods, along with applicable interest of 15% per annum on the unpaid amount.
As of 09:58 am, BSE shares were trading at Rs 2,682.70 on the NSE.
The company’s decision to request a fee adjustment from SEBI, which is based on the annual turnover derived from the ‘notional value’ of its options contracts, has drawn attention and scrutiny, as per reports.
