Kotak Mahindra Bank's Stock Split Approved: 1 Share Becomes 5! Is This Your Chance to Buy Cheaper?

Overview

Kotak Mahindra Bank's board has greenlit a 5-for-1 stock split, subdividing each equity share of ₹5 face value into five shares of ₹1 face value. This strategic move aims to enhance share affordability, increase liquidity, and attract more retail investors to the banking counter. The split is pending final approvals from shareholders and regulators like the Reserve Bank of India. The bank previously had a 1:2 stock split in 2010.