Kotak Mahindra Bank board to consider stock split on November 21
Kotak Mahindra Bank said its board will meet on November 21 to consider a proposal for sub-division (split) of the existing equity shares. The split of equity shares will happen with a face value of ₹5 each, fully paid-up, in such manner as may be determined by board. If approved, this would mark bank’s first stock split in 15 years.