Kotak Mahindra Bank board approves stock split proposal
after close1 source ↓written by the desknot a recommendation
- has approved
- 1:5 stock split
The board of Kotak Mahindra Bank has approved a 1:5 stock split, dividing one equity share of ₹5 into five shares of ₹1 each. This move aims to enhance liquidity by making shares more affordable. The bank last executed a stock split in 2010 and issued bonus shares in 2015, rewarding shareholders.
Not investment advice. For informational purposes only.