Kotak Mahindra Bank approves 1:5 stock split
pre-market1 source ↓written by the desknot a recommendation
- to celebrate
- 1:5 stock split
- to celebrate
- 40th Foundation Day
- to ₹2
- 0.63%
Kotak Mahindra Bank has approved a 1:5 stock split to celebrate its 40th Foundation Day. This action will subdivide each equity share of ₹5 into five shares of ₹1, enhancing retail participation without altering the total investment value for shareholders.
As of 11:40 AM, shares rose 0.63% to ₹2,100.90, reflecting positive market sentiment following the announcement.
Not investment advice. For informational purposes only.