Whalesbook
Stock Splits Approaching for Kotak Mahindra Bank and Ajmera Realty
Shares of Kotak Mahindra Bank and Ajmera Realty & Infra India are slated to be in focus this week as both companies approach their respective ex-dates for stock splits. The corporate actions are designed to make shares more accessible to a broader investor base. Trading under the new split terms begins on Tuesday, January 14.
Understanding Ex-Dates and Record Dates
The ex-date signifies the cutoff for eligibility. Investors purchasing shares on or after January 14 will not be entitled to the stock split benefits. The company will subsequently determine the definitive list of eligible shareholders on the record date. Holding shares on or before January 14 is crucial for investors seeking to benefit from the sub-division.
Kotak Mahindra Bank's Share Sub-division
The board of Kotak Mahindra Bank approved a sub-division of its equity shares. One existing share with a face value of ₹5 will be divided into five shares, each with a face value of ₹1. The bank stated this move is intended to make its equity shares more affordable and boost liquidity, thereby attracting more retail investors.
Ajmera Realty's Share Subdivision
Similarly, Ajmera Realty & Infra India's board greenlit the sub-division of its equity shares. Each share with a face value of ₹10 will be split into five shares, each carrying a face value of ₹2. This decision also involves an alteration to the company's capital clause in its Memorandum of Association.
Key Dates for Investors
Kotak Mahindra Bank has set Wednesday, January 14, 2026, as the record date for its stock split. Ajmera Realty has fixed Thursday, January 15, 2026, as its record date to identify eligible shareholders for its subdivision.