Private lender Kotak Mahindra Bank’s board on Friday, November 21, approved a stock split in the ratio of 1:5. This means investors will get five shares of Kotak Bank for every one share held by them on the record date.
This marks the first stock split by the lender in 15 years. Before this, Kotak Bank had announced a subdivision of shares in a 1:2 ratio in 2010. The corporate action coincides with the 40th Foundation Day of the private sector bank, founded by Uday Kotak.
“The Board of Directors of the Bank have, at their meeting held today on the occasion of 40th Foundation Day, i.e., on November 21, 2025, inter alia, considered and approved sub-division (split) of the existing equity shares of the Bank, as follows: Sub-division (split) of 1 (One) existing equity share of the Bank having face value of Rs. 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares of the Bank having face value of Re. 1/- (Rupee One only) each, fully paid-up,” the lender said in an exchange filing today.
