BSE Limited (NSEI:BSE) announces a share repurchase program. Under the program, the company will repurchase 1,509,090 shares, representing 2.8% of its issued share capital for INR 1,660 million. The shares will be repurchased at a maximum price of INR 1,100 per share. The repurchases consideration will be paid in cash. The repurchased shares will be funded from securities premium account and company’s free reserves. The purpose of the program is to effective utilization of its available surplus funds and to enhance overall long term shareholders value. The record date for the program is February 1, 2018. The program will expire on July 31, 2018. As of January 15, 2018, the company has 53,808,172 shares in issue.