Kotak Mahindra Bank Limited (“Kotak” or “the Bank”) today announced that its Board of Directors, in a meeting held to mark the Bank’s 40th Foundation Day, approved a stock split of its equity shares, subject to regulatory and statutory approvals.
Under the approved plan, each existing equity share of ₹5 fully paid-up will be subdivided into five equity shares of ₹1 each. The move is aimed at making Kotak’s shares more affordable, improving liquidity, and encouraging broader participation, especially among retail investors.
C S Rajan, Part-time Chairman of Kotak Mahindra Bank, said:
“As we celebrate 40 years of our journey, we reaffirm our commitment to creating long-term value for our shareholders. This milestone reflects our legacy and our vision for the future. To promote wider investor participation, the Board has decided, subject to regulatory approvals, to split each existing equity share of ₹5 into shares of ₹1 each.”
Ashok Vaswani, Managing Director and CEO, added:
“Forty years ago, we embarked on a journey built on trust and innovation. Today, as we celebrate this milestone, we look ahead with renewed ambition. The stock split reflects our commitment to inclusivity, allowing more investors to join the Kotak growth story.”
The Board has also approved an amendment to the Capital Clause of the Bank’s Memorandum of Association to reflect the revised share structure after the split.
The approvals are subject to consent from the Bank’s members, the Reserve Bank of India (RBI), and other regulatory authorities. The process is expected to be completed within two months of receiving all necessary clearances.
Further updates and regulatory disclosures will be shared on the Bank’s investor relations website: Kotak Investor Relations.
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