1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD

Small cap company operating in education sector Vantage Knowledge Academy Ltd shares zoomed 4.98% intraday and soared 21.39% in last 1-week only. The company on April 17, 2024 recommended stock split in the ratio of 1:10. The record date for stock split is yet to be disclosed. The small cap stock also announced its decision to issue upto 10,00,000 Warrants convertible into Equity Shares, in one or more tranches.

Last trading price of Vantage Knowledge Academy share on BSE is Rs 240.35 per share. Vantage Knowledge Academy shares offered return of 2734% in last 2-years span only. More detail below:

Vantage Knowledge Academy Approves Stock Split: As per the regulatory filing of the company dated April 17, 2024, "The Board has recommended the Split / Sub-division of shares of the company from Face Value of Rs. 10/- each to Face value of Re. 1/- each, subject to the approval of Members of the Company. The record date for the split/sub-division of shares will be intimated in due course."

Vantage Knowledge Issues Warrants: The BSE filing added, "Issue upto 10,00,000 Warrants convertible into Equity Shares, in one or more tranches, subject to the approval of shareholders and in accordance with Chapter V the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations"), the Companies Act, 2013 and the rules made thereunder, as amended and other applicable laws. Please refer to Annexure - II for further details."

What Is Stock Split? When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

Vantage Knowledge Academy Share Performance: The 52-week high price of Vantage Knowledge Academy share on BSE is Rs 394.85 per share (as on 06/06/2023) and 52-week low price is Rs (as on 18/04/2023), respectively. The company's market capitalisation is Rs 249.54 crore. Vantage Knowledge Academy shares offered highly attractive returns to investors. Vantage Knowledge Academy shares gave return of 206% in last 1-year, soared 3569% in last 3-years, and jumped 4886% in last 5-years.

Vantage Knowledge Academy About: Vantage Knowledge Academy Limited offers educational services. It provides stock market investment, bank clerical, and other financial educational courses. Vantage Knowledge Academy serves students in India.

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