Kotak Mahindra Bank Announces Stock Split On 40th Foundation Day

Kotak Mahindra Bank Limited (“Kotak” or “the Bank”) today announced that its Board of Directors, at a meeting held on the occasion of the Bank’s 40th Foundation Day, approved a sub-division (stock split) of its equity shares, subject to regulatory and statutory approvals.

The Board has approved the sub-division of one existing equity share of the Bank having a face value of ₹5/- each, fully paid-up, into equity shares having a face value of ₹ 1/-each, fully paid-up. This move aims to make Kotak’s equity shares more affordable and enhance liquidity, thereby encouraging wider market participation, particularly among retail investors.

C S Rajan, Part-time Chairman, Kotak Mahindra Bank, said: "As we celebrate 40 years of our journey, we reaffirm our commitment to creating long-term value for our shareholders. This milestone is not just a reflection of our legacy, but a Kotak for the future. On this momentous occasion, to encourage wider investor participation by making the Bank’s equity shares more affordable and liquid, the Board has, subject to regulatory and statutory approvals, decided to sub-divide the existing equity shares of face value of ₹ 5/- each into equity shares of a smaller denomination of ₹ 1/- each."

Ashok Vaswani, Managing Director and CEO, Kotak Mahindra Bank, said: "Forty years ago, we began a journey rooted in trust and innovation. Today, as we celebrate this remarkable milestone, we also look ahead with a renewed ambition. The decision to implement a stock split echoes our commitment to inclusivity, so that more investors can join us in the Kotak growth story."

Consequently, the Board has also approved an amendment to the Capital Clause of the Memorandum of Association of the Bank to reflect the revised share structure, post-split.

These approvals are subject to consent from the Bank’s members, the Reserve Bank of India (RBI), and other applicable regulatory authorities. The process is expected to be completed within two months from receiving all necessary clearances.

The Bank will share further details, including regulatory updates, on its investor relations website: https://www.kotak.bank.in/en/investor-relations/governance/sebi-listing-disclosures.html

Samsung Galaxy Tab A11+ To Debut in India This Month

Samsung, India’s largest consumer electronics brand, is all set to launch the Galaxy Tab A11+ in India, bringing enhanced performance and key Galaxy AI capabilities to consumers.

The Galaxy Tab A11+ will debut with segment-leading AI features, such as Google Gemini, Circle to Search with Google, and Solve Math on Samsung Notes, enabling smarter learning, improved productivity and easier information access for users.

With Google Gemini, users get real-time visual AI through which they can more naturally engage in conversational interactions that make everyday tasks easier. Circle to Search is a new way to search anything using a simple gesture — without switching apps. The Solve Math feature in Samsung Notes provides quick and accurate solutions to complex math equations.

Powered by the 4nm-based MediaTek MT8775 processor, the Galaxy Tab A11+ is designed to deliver smooth and reliable performance across everyday tasks. It will be available in 6GB+128GB and 8GB+256GB variants, with support for up to 2TB expandable storage to accommodate additional content and learning material. With the launch of the Galaxy Tab A11+, Samsung plans to further consolidate its market leadership in India.