January 13 is the last day for investors to buy Kotak Mahindra Bank shares to qualify for the 1:5 stock split scheduled for January 14. Each ₹5.00 face value share will be subdivided into five ₹1.00 shares, marking the bank's third stock split. The move aims to enhance affordability for retail investors, while the bank has also appointed former Bajaj Finance MD Anup Kumar Saha as Whole-time Director.

Kotak Mahindra Bank Stock Split: Last Day To Buy Shares Before Record Date

Kotak Bank Investors Face Deadline for Stock Split Opportunity

January 13 marks the final trading session for investors to purchase Kotak Bank shares and qualify for the upcoming stock split, with the bank set to undergo its third stock split on January 14.

Stock Split Details

Split Ratio: 1:5
Current Face Value: ₹5.00 per share
Post-Split Face Value: ₹1.00 per share
Ex-Date: January 14
Record Date: January 14

Eligibility Requirements

Due to India's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to qualify for the stock split. The record date of January 14 determines which shareholders will receive the additional shares based on the split ratio.

Last Day to Buy: January 13
Purchasing on January 14 will not qualify for the split.
Ownership must be reflected in records by the record date.

Impact and Benefits

The stock split aims to enhance affordability and accessibility for retail investors. As a corporate action, the split increases the number of outstanding shares while reducing the face value per share proportionally. This typically enhances liquidity as the stock price adjusts accordingly, though the total value of existing shareholders' holdings remains unchanged.

Recent Leadership Development

Kotak Mahindra Bank has confirmed the appointment of Anup Kumar Saha as Whole-time Director, coinciding with the stock split. Saha will initially serve as Designate Whole-time Director and part of Senior Management effective January 12, pending regulatory clearance.

Block Trade Transaction Highlights Institutional Interest

Kotak Bank witnessed a significant block trade transaction on the National Stock Exchange (NSE), demonstrating substantial institutional trading activity in the banking stock.

Block Trade Details

Total Transaction Value: ₹51.10 crores
Number of Shares: 241,219 shares
Price per Share: ₹2,118.50
Exchange: National Stock Exchange (NSE)

Block Trade Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted outside the regular order book to minimize market impact and ensure efficient execution of substantial volumes.

Market Impact

Block trades of this magnitude typically signal institutional confidence or strategic repositioning in the banking sector. The transaction size of ₹51.10 crores represents a meaningful volume that could influence trading patterns and investor sentiment in Kotak Mahindra Bank shares.

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