Kotak Mahindra Bank Shares Dip Post 1:5 Stock Split Adjustment

• Kotak Mahindra Bank shares fell on Wednesday, January 14, after trading adjusted for a 1:5 stock split.
• One share of face value ₹5 was divided into five shares of face value ₹1 each, with January 14 as the record date.
• Shareholders holding shares by Tuesday's closing are eligible for the split; new buyers acquire post-adjustment shares.
• The stock split converts 100 shares of ₹5 into 500 shares of ₹1, maintaining the total value.
• This is the bank's second stock split, following one in 2010, and a 1:1 bonus issue in 2015. The bank will announce Q3 results and consider raising funds via NCDs on January 24.

Why It Matters: Kotak Mahindra Bank shares adjusted downwards after a 1:5 stock split, maintaining overall shareholder value.