<p><strong>Y-Share</strong> is a type of stock split where a company divides its existing shares into multiple parts, with each shareholder receiving additional shares in proportion to their current holdings. Unlike a traditional stock split, the company's market capitalization remains unchanged after a Y-Share.</p>

<h2>How It Works</h2>
<p>A Y-Share works by reducing the par value of the company's shares and issuing new shares to existing shareholders. For example, if a company has a $100 par value share and a Y-Share ratio of 2:1, the par value would be reduced to $50, and each shareholder would receive one additional share for every two they currently own.</p>
<p>Mathematically, if a shareholder owns 'x' shares before the Y-Share, they will own '2x' shares afterwards, with the total par value of their holdings remaining the same.</p>

<h2>Why It Matters</h2>
<p>Y-Shares can be beneficial for both companies and shareholders. For companies, they can make their shares more affordable, potentially increasing liquidity and attracting a broader range of investors. For shareholders, they can increase their total number of shares without incurring additional costs, potentially leading to higher capital gains if the stock price increases.</p>
<p>For instance, in 2015, Apple Inc. conducted a 7:1 Y-Share, making its shares more accessible to individual investors. This move was followed by a significant increase in Apple's stock price, benefiting both the company and its shareholders.</p>