KOTAKBANK

80% Fall Is an Illusion Stock Trades Ex-Split

shares appeared to plunge over 80% on January 14, but the sharp drop is purely optical and due to the stock trading ex-split following a 5:1 stock split effective today. Under the corporate action, the face value of each share has been reduced from ₹5 to Re 1, with one existing share subdivided into five shares, leading to a proportionate adjustment in the stock price without any impact on the bank’s overall market value.