Ashish Kacholia’s Multibagger Aditya Vision Stock Split Tomorrow: Last Chance to Buy Before the Big Move

The board of directors for Aditya Vision, a company backed by ace investor Ashish Kacholia, announced earlier in July that they will be splitting the company’s shares in a 1:10 ratio. This means that for every one share with a face value of ₹10, shareholders will receive ten shares with a face value of ₹1 each after the split.

The company later confirmed that the record date for this stock split has been set for August 27, 2024. This date determines which shareholders are eligible to receive the split shares.

In a statement to the stock exchanges, the company explained, “Tuesday, August 27, 2024, has been set as the ‘Record Date’ for determining which shareholders are entitled to the split of Equity Shares. One equity share with a face value of ₹10 each, fully paid-up, will be subdivided into ten equity shares with a face value of ₹1 each, fully paid-up, as approved by the shareholders at the Annual General Meeting on August 02, 2024.”

The purpose of the stock split is to increase the liquidity of Aditya Vision’s shares and make them more affordable for small and retail investors. A stock split typically increases the number of shares a company has by reducing the price of each share, which can make the stock more attractive to a wider range of investors.

According to data from Trendlyne, this is the first time Aditya Vision has carried out a stock split. As of the quarter ending in June 2024, 52% of the company’s equity is held by promoters and the promoter group, while the remaining 48% is held by public shareholders, including Ashish Kacholia, who owns approximately 1.6% of the company’s equity.

The shares of Aditya Vision have seen significant growth, more than doubling in the past year and increasing nearly fourfold over the last two years. In 2024 alone, the stock has risen by 41%. On Friday, Aditya Vision’s shares closed 1.5% higher at ₹4,870 on the BSE.