Kotak Mahindra Bank marked its 40th Foundation Day with a major market-friendly move. The Bank’s Board of Directors has approved a stock split to make its shares more affordable and boost liquidity. The decision is subject to the required regulatory and statutory approvals.
Key Details of the Stock Split
- Existing face value: ₹5 per share
- Revised face value: ₹1 per share
- Split ratio: 1:5
- Objective: Improve affordability and encourage wider retail participation
The Bank stated that the sub-division of shares will help increase accessibility for smaller investors, potentially improving trading volumes and overall market participation.
C S Rajan, Part-time Chairman of Kotak Mahindra Bank, said the stock split aligns with the Bank’s vision of building long-term value for shareholders. He highlighted that the milestone marks not just a celebration of Kotak’s four-decade journey, but also a step toward shaping “a Kotak for the future.”
He added that making equity shares more affordable and liquid is a key initiative to welcome a broader base of investors.
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