Home / Business and Economy / Kotak Mahindra Bank Splits Stock: 1 Becomes 5!
Kotak Mahindra Bank Splits Stock: 1 Becomes 5!
14 Jan
Summary
- Kotak Mahindra Bank's stock split adjustment begins today.
- Each share of ₹5 will be divided into five shares of ₹1.
- Shareholders as of Tuesday's closing are eligible for the split.
Effective January 14, 2026, Kotak Mahindra Bank's shares are trading following a 1:5 stock split. This corporate action means each existing share with a face value of ₹5 has been divided into five shares, each with a face value of ₹1. Shareholders who held their positions by the closing of trading on January 13, 2026, are entitled to this adjustment.
This strategic move mirrors a previous stock split undertaken in 2010, where one ₹10 share was divided into two ₹5 shares. Furthermore, in 2015, the bank issued bonus shares at a 1:1 ratio. The current stock split ensures that while the number of shares increases, the overall market value remains consistent as the price adjusts proportionally.
Looking ahead, Kotak Mahindra Bank is scheduled to release its third-quarter financial results on January 24, 2026. Alongside the results announcement, the bank's board will review a proposal to raise capital through the issuance of non-convertible debentures. The bank's stock had closed at ₹2,132.1 on January 13, 2026, reflecting a 22% increase over the preceding month.
