Kotak Mahindra Bank stock split and IDBI bid updates
after close1 source ↓written by the desknot a recommendation
- and reports
- 1:5 stock split approval
- stock closed
- ₹2,176.6
- of ₹2
- 5.4% below its 52-week high
Kotak Mahindra Bank is in focus following its 1:5 stock split approval and reports of its bid for a controlling stake in IDBI Bank. The stock closed at ₹2,176.6, about 5.4% below its 52-week high of ₹2,301.9. This strategic shift aims to enhance mid-market corporate lending as large-corporate loan growth remains subdued.
Not investment advice. For informational purposes only.