Big news for investors! Kotak Mahindra Bank just announced a 1:5 stock split, meaning each share you own will be divided into five. This is like cutting a pizza into more slices – you still have the same amount of pizza (or stock!), but each slice (share) represents a smaller portion.
Why did they do this? The goal is to make the stock more affordable for smaller investors and boost liquidity in the market. Think of it this way: a lower price per share can make it easier for more people to buy in. This decision, revealed on their 40th foundation day, shows Kotak’s commitment to attracting a wider range of investors.
Currently, each share has a face value of Rs 5. After the split, it will become five shares with a face value of Rs 1 each. Of course, this is still subject to regulatory approvals, so stay tuned for updates.
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Source: Business Standard
Link: [https://www.business-standard.com/companies/news/kotak-mahindra-bank-board-approves-stock-split-of-1-5-124042600774_1.html](https://www.business-standard.com/companies/news/kotak-mahindra-bank-board-approves-stock-split-of-1-5-124042600774_1.html)