Kotak Mahindra Bank’s Board of Directors has approved a split of the equity shares. In an exchange filing, the bank said approved a split of one equity share of face value of Rs 5 into five equity shares of face value of Rs 1 each.

After the share split arrangement, the bank has 280,00,00,000 shares of face value of Rs 5 into 1400,00,00,000 shares of face value of Rs 1. The action does not affect the total value of the shares held by the shareholders.

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