Kotak Mahindra Bank Sets Jan 14 as Record Date for 1:5 Stock Split

• Kotak Mahindra Bank fixed January 14 as the record date for its announced stock split.
• Shareholders holding shares by January 13 end of trading are eligible for the split.
• One equity share with a face value of ₹5 will be split into five equity shares of ₹1 each (1:5 ratio).
• The bank has a history of corporate actions, including a split in 2010 and bonus shares in 2015.
• Stock splits aim to increase outstanding shares, improve liquidity, and make shares more affordable.

Why It Matters: Kotak Mahindra Bank sets Jan 14 for 1:5 stock split, aiming for increased liquidity and affordability.