Kotak Mahindra Bank (KOTAKBANK) Approves 1:5 Stock Split to Mark 40th Foundation Day

Mumbai, November 24: Kotak Mahindra Bank Limited (NSE: KOTAKBANK, BSE: 500247) has announced that it has approved a stock split for its shares to mark its 40th Foundation Day. A stock split is a corporate action where every share of a listed company is subdivided into multiple shares with a lower face value. It leads to a lower share price, while crediting investors with extra shares of shares. It leads to no change in the investment value of shareholders and the market capitalisation of the company.

Stock Split Approved to Enhance Retail Participation

Under the Kotak Mahindra Bank stock split, the company will subdivide one equity share of face value ₹5 into five equity shares of face value ₹1. This means that eligible shareholders holding 1 share of the company will receive 5 extra shares. Hence, the stock split ratio is 1:5.

Shares Rise 0.63% at ₹2,100.90

As of 11:40 AM, Kotak Mahindra Bank share price was up by 0.63%, or 13.10 points and was trading at ₹2,100.90. Until now, the shares have traded within a range of ₹2,101 and ₹2,077.40. The traded volume for the Kotak Mahindra Bank stock stood at 6.01 lakh shares, with the company’s market cap at ₹4,15,212 crore. The shares have their 52-week high at ₹2,301.90 and their 52-week low at ₹1,703.75.

Investor Takeaway for Kotak Mahindra Bank

Kotak Mahindra Bank has approved a 1:5 stock split. The main aim for the stock split is to improve the liquidity of the shares, reward shareholders with extra shares, and attract more investors by reducing the share price. The company is yet to announce the ex-split date and record date for the stock split. For now, the shares are witnessing positive investor demand, and the share price is trading higher.

REF: https://nsearchives.nseindia.com/corporate/KMBLTAB_21112025161422_Mediarelease21112025.pdf

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