Rahul Gandhi’s Stock Doubles: Upper Circuit Hit

Stock in Rahul Gandhi’s Portfolio

The stock in question is also part of the portfolio of Rahul Gandhi, Leader of the Opposition in Lok Sabha. Interestingly, as of March 31, 2024, Rahul Gandhi held approximately 260 shares pre-split and pre-bonus.

After the pre-split and pre-bonus corporate actions and price adjustments, his shareholding increased to 5,200 shares. Following the stock split, 260 shares converted into 2,600 shares, and post-bonus, these 2,600 shares further converted into 5,200 shares. The company had announced a bonus issue in a 1:1 ratio.

The company stated that the bonus shares would be credited by or before July 30, 2024. Vertoz Advertising announced a stock split in a 10:1 ratio. Each share of Rs 10 face value would be split into 10 units of Rs 1 face value.

The company confirmed this decision in an exchange filing: “The Board of Directors approved the sub-division of each fully paid-up equity share of Rs 10 face value into 10 equity shares of Rs 1 face value.”

The record date for these corporate actions was set as July 5, 2024. Vertoz Advertising stated: “We inform you that the record date for the following purposes is Friday, July 5, 2024.”

This includes the 10:1 stock split and a 1:1 bonus issue for each existing equity share.

Vertoz Advertising is an AI-powered MadTech and CloudTech platform providing digital ad, marketing, and monetization solutions to businesses, digital marketers, ad agencies, digital publishers, cloud providers, and tech companies.

The platform offers omnichannel advertising, monetization and representation, performance advertising, ad exchange, digital media properties, domain names, cloud hosting, and services.