New Delhi: Vertoz Advertising Ltd, a microcap stock, surged 5 per cent on July 5, 2024, hitting the upper circuit. The stock went ex-bonus and ex-stock split on Friday. Previously closing at Rs 686.50 on Thursday, the stock underwent a split in the ratio of 1:10, reducing its price to Rs 36.05. Despite the split, it gained 5% during Friday’s trading session and closed at Rs 36.05, hitting the upper circuit. Post-adjustment, the stock opened at the upper circuit of Rs 36.05 per share.
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Rahul Gandhi stock portfolio
Vertoz Advertising, operating in the digital advertising sector, has a market capitalisation of Rs 153.63 crore as of July 5. The stock is in the portfolio of Rahul Gandhi. Because of the stock split and bonus issue, Rahul Gandhi’s portfolio saw his holdings increase from 260 shares to 5200 shares. As of March 31, 2024, before the split and bonus issue, he held approximately 260 shares in this company.
After these two corporate actions of pre-split and pre-bonus and price adjustment in this stock, Rahul Gandhi has a holding of 5,200 shares. After the stock split, 260 shares converted into 2600 shares and after bonus 2600 shares converted into 5,200 shares. The company had announced a bonus issue in the ratio of 1:1. The company said in a filing that it will deposit the bonus shares on or before July 30, 2024.
Initially, 260 shares were converted into 2,600 shares after the stock split, and subsequently, after the bonus issue in the ratio of 1:1, these 2,600 shares doubled to 5,200 shares. The company has announced that the bonus shares will be credited on or before July 30, 2024, as per their filing.
Ratio of stock split by Vertoz
Vertoz Advertising announced a stock split at a ratio of 10:1. This decision entails that each existing share with a face value of Rs 10 will be subdivided into 10 shares, each with a face value of Rs 1. According to the company’s exchange filing, “The Board of Directors has approved the subdivision of each fully paid-up equity share of Rs 10 face value into one equity share of Rs 1 face value.”
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Record date set by Vertoz Advertising
Vertoz Advertising has set July 5 as the record date for both the corporate actions. The company said in the filing, “We wish to inform you that Vertoz Advertising Limited (the “Company”) had fixed the record date as Friday, July 05, 2024 for the following purposes. The company said that each of the face value of Rs 10 (1) Ten (10) shares of face value of Re 1 each will be issued in the ratio of 1:1 (i.e. one bonus share for every existing equity share held in the company).
All about Vertoz advertising
Vertoz Advertising is an AI-powered MadTech and CloudTech platform that provides digital ad, marketing and monetization (MadTech) and digital identity, and cloud infrastructure (CloudTech) to businesses, digital marketing, advertising agencies, digital publishers, cloud providers, and tech companies.
The company’s platforms provide omnichannel advertising, monetization and re-presentation, performance advertising, ad exchange, digital media properties, domain names, cloud hosting and services, etc.
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Vertoz Advertising is in the portfolio of Rahul Gandhi. Because of the stock split and bonus issue, Rahul Gandhi’s stake in the company has increased from 260 shares to 5200 shares. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
