Kotak Mahindra announces 1:5 stock split to enhance liquidity
after close1 source ↓written by the desknot a recommendation
- to make
- 1:5 share split
- on the bank's
- 40th foundation day
Kotak Mahindra Bank's board has approved a 1:5 share split to make its shares more affordable and improve market liquidity. This decision, announced on the bank's 40th foundation day, is pending regulatory approvals. The split will convert each equity share of ₹5 into five shares of ₹1 each, aiming to attract broader investor participation.
Not investment advice. For informational purposes only.