1:2 Stock Split: Tuesday, December 10 Record Date; Time To Buy The Shares?

The firm Global Education Ltd. is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Global Education, a consulting and educational services provider with ISO certification, is committed to providing top-notch educational services. Following the Board of Directors' announcement of the record date for the stock split, Global Education's shares closed Tuesday's trading session on the NSE 0.85% higher at Rs 197.99 per share, with a market capitalisation of Rs 403.12 Cr.

Global Education Stock Split Record Date

For the purpose of sub-division /split of existing equity shares of face value of Rs.5/- each fully paid up into 2 equity shares of face value of Rs.2/- each fully paid up, "The Board of Directors of the Company has considered, reviewed and approved (fixed), Tuesday, December 10 2024 [subject to receipt of in-principal approval of the Exchange] as the Record Date for determining the eligibility of Shareholders for sub-division /split of Equity Shares, pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended)," said Global Education in a stock exchange filing.

Global Education News

Through the completion of the acquisition of 28,230 equity shares, or a 28.23% stake in Rishiraj Infravision Private Limited, Global Education Limited will be able to exercise control over 28.23% of the company's equity share capital on a fully diluted basis subsequently. Following the acquisition, on November 29, 2024, Rishiraj Infravision Private Limited became an Associate of Global Education Limited in accordance with Section 2(6) of the Companies Act, 2013.

Global Education Share Price Target

"Global Education stock price is bullish on the Daily charts with strong support at 190. A Daily close above resistance of 200 could lead to a target of 221 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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