Kotak Mahindra Bank’s Board of Directors has approved a stock split, dividing each share with a face value of ₹5 into five shares with a face value of ₹1 each. The decision, made on November 21, 2025, the bank’s 40th Foundation Day, aims to enhance liquidity and broaden investor participation. The split is subject to shareholder and regulatory approvals.
Stock Split Details
The Board of Directors of Kotak Mahindra Bank has given the go-ahead for a stock split. Each existing equity share with a face value of ₹5 will be subdivided into five equity shares, each with a face value of ₹1.
Rationale for the Split
The primary goal of this stock split is to make the bank’s shares more accessible to a wider range of investors. By reducing the price per share, the bank aims to increase liquidity and encourage greater market participation, especially from retail and individual investors.
Capital Structure Adjustment
As a result of the stock split, the bank will amend the Capital Clause of its Memorandum of Association. The authorized share capital remains at ₹1900,00,00,000. The issued, subscribed, and paid-up share capital is ₹994,37,64,945 both pre and post split.
Timeline and Approvals
The completion of the stock split is expected within 2 months, contingent upon receiving approvals from shareholders, the Reserve Bank of India (RBI), and other relevant regulatory bodies. The record date for the split will be announced following these approvals.
Source: BSE