Kotak Mahindra Bank stock split: One of India’s largest private lenders — — announced on Friday, November 14, that its board will meet next week to consider stock split of shares.
The board meeting date has been fixed as Friday, November 21.
“We wish to inform you pursuant to the provisions of Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of the Board of Directors of the Bank would be held on Friday, November 21, 2025 to, inter alia, consider a proposal for sub-division (split) of the existing equity shares of the Bank having face value of Rs. 5/- each, fully paid-up, in such manner as may be determined by the Board of Directors,” Kotak Mahindra Bank said in an exchange filing today.
If approved, this would be the first such announcement by the private bank company in as many as 15 years. The last was declared by Kotak Mahindra in 2010 in the ratio of 2:1.
Kotak Mahindra Q2 Results
The lender recently posted a tepid set of earnings for the July-September quarter, wherein it saw an 11% year-on-year (YoY) decline in its consolidated net profit to ₹4,468 crore, pulled down by a slower growth in core income and weak performance of some subsidiaries.
Meanwhile, on a standalone basis, too, its profit fell 3% YoY to ₹3,253 crore for the quarter under review.
More to come…