(Photo: Shubhayan Bhattacharya/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Kotak Mahindra Bank Ltd. on Friday announced a stock split of 1:5 ratio. This means that one share will be split into five equity shares.

The company added that the stock split will tentatively be completed within two months from receipt of all the regulatory approvals and the members’ approval, Kotak Mahindra Bank said in an exchange filing on Friday.

Explaining the rational for the stock split, the bank said it was to make the Bank’s equity shares more affordable and enhance their liquidity.

In the past, the bank has split its shares at least five times in the years 2000, 2004, 2005, 2010, and 2015.

A stock split is a corporate action where a company increases the number of o

See Full Page