Kotak Mahindra Bank Announces 5:1 Stock Split in 40th Year Milestone

Mahindra Bank, one of India’s leading private sector lenders, has approved a 5-for-1 stock split, subdividing each existing equity share with a face value of ₹5 into five equity shares of ₹1 each. The decision, taken at the board meeting, aims to make the bank’s shares more affordable for retail investors and improve liquidity in the stock, encouraging broader market participation. Key Highlights: Split Ratio: 1 equity share of ₹5 → 5 equity shares of ₹1 each Objective: Enhance affordability and liquidity, especially for retail investors Additional Approval: Amendment to the Capital Clause in the Memorandum of Association to reflect the new share structure Effective Date: Subject to regulatory and shareholder approvals (yet to be announced) C S Rajan, Part-time Chairman, said, “As we celebrate 40 years of our journey, this stock split is a step toward making Kotak more accessible to a wider investor base while continuing to create long-term shareholder value.