Kotak Bank 5:1 Stock Split Completed, ₹1 Shares Credited to Demat Accounts

MUMBAI: Kotak Mahindra Bank Ltd on Friday announced the successful completion of its 5:1 stock split, informing exchanges that the newly sub-divided equity shares have been credited to the demat accounts of eligible shareholders.

The private sector lender, in a regulatory filing, stated that shareholders on record as of January 14, 2026, have now received 5 equity shares of ₹1 face value each for every 1 equity share of ₹5 face value they previously held.

Key Details of the Split:

• Record Date: January 14, 2026

• Credit Date: January 15, 2026

• New Face Value: ₹1 per share (previously ₹5)

• New ISIN: INE237A01036 (effective from January 14, 2026)

• Share Capital: The bank’s issued, subscribed, and paid-up equity share capital remains unchanged at ₹9,945.49 crore, now represented by 9.945 billion shares (up from ~1.989 billion shares pre-split).

Strategic Context:

The stock split, first approved by the bank’s board in November 2025 and later by shareholders and the Reserve Bank of India (RBI), is aimed at enhancing liquidity and making the shares more accessible to a broader set of retail investors. The move does not alter the bank's market capitalization but increases the number of shares outstanding, potentially improving trading volumes.

Investor Action:

Shareholders have been advised to check their demat accounts for the credited shares. The sub-divided shares are now available for trading on the BSE and NSE under the new ISIN.