Kotak Mahindra Bank board approves 1:5 stock split
pre-market1 source ↓written by the desknot a recommendation
- has announced
- 1:5 stock split
- the board
- 21 Nov 2023
Kotak Mahindra Bank has announced a 1:5 stock split, where each existing share with a face value of ₹5 will be subdivided into five shares of ₹1 each. This decision, approved by the board on 21 Nov 2023, aims to increase liquidity and make shares more accessible to investors.
The split may enhance trading activity, potentially attracting more retail investors to the stock.
Not investment advice. For informational purposes only.