Kotak Mahindra Bank approves 5-for-1 stock split
pre-market1 source ↓written by the desknot a recommendation
- on its 40th
- 5-for-1 stock split
- each share
- ₹5
- ₹1
Kotak Mahindra Bank's Board of Directors has approved a 5-for-1 stock split on its 40th Foundation Day, subject to regulatory approvals. This subdivision will reduce the face value of each share from ₹5 to ₹1, aiming to enhance liquidity and attract retail investors. This strategic move could positively impact market participation and trading volumes.
Not investment advice. For informational purposes only.