Kotak Mahindra Bank approves 5-for-1 stock split
pre-market1 source ↓written by the desknot a recommendation
- has approved
- 5-for-1 stock split
- after initial split
- 2% stock gain
Kotak Mahindra Bank has approved a 5-for-1 stock split, its first in 15 years. Each existing share of ₹5 will be divided into five shares of ₹1 each, aimed at enhancing affordability for retail investors. This move follows a 2% stock gain after initial split discussions on 14 November, potentially improving liquidity in the market.
Not investment advice. For informational purposes only.