The Board of Directors of Kotak Mahindra Bank has approved a stock split, dividing each existing equity share into five shares. The decision was made during a board meeting on November 21, 2025, coinciding with the bank’s 40th Foundation Day. This move aims to increase market participation by making the shares more affordable.
Stock Split Details
Kotak Mahindra Bank’s Board has approved the sub-division (split) of the bank’s existing equity shares. Each existing equity share with a face value of ₹5 will be split into five equity shares with a face value of ₹1. This decision was reached on November 21, 2025.
Revised Share Capital
Following the split, the authorized share capital will remain unchanged at ₹1,900,00,00,000. The issued, subscribed, and paid-up share capital stands at ₹994,37,64,945. These figures might change due to potential equity share issuances from employee stock options.
Timeline for Completion
The completion of the stock split is expected within two months, subject to regulatory approvals and member consent.
Rationale
The stock split is intended to make the bank’s equity shares more affordable, thereby enhancing liquidity and attracting increased market participation, especially from retail investors.
Source: BSE