Description
BSE notifies listing and trading permission for 66,700 rights equity shares of Kotak Mahindra Bank Ltd (Scrip Code: 500247) that were kept in abeyance, effective March 11, 2026.
Summary
BSE has notified trading members that 66,700 equity shares of Kotak Mahindra Bank Ltd (Scrip Code: 500247), which were allotted on January 29, 2026 under a rights issue but kept in abeyance, are now listed and permitted to trade effective Wednesday, March 11, 2026.
Key Points
- 66,700 equity shares of Re. 1/- each allotted on January 29, 2026 are now listed on BSE
- These shares were previously kept in abeyance during the rights issue
- ISIN: INE237A01036
- Distinctive Numbers: 9946390306 to 9946457005
- Shares are pari passu with existing equity shares of Kotak Mahindra Bank Ltd
Regulatory Changes
No new regulatory changes. This is a procedural listing notification following resolution of abeyance conditions for rights issue shares.
Compliance Requirements
Trading members are informed to update their records accordingly. The shares are now available for trading on BSE under the existing scrip code 500247 with ISIN INE237A01036.
Important Dates
- Allotment Date: January 29, 2026
- Listing and Trading Effective Date: Wednesday, March 11, 2026
Impact Assessment
Minimal market impact. The 66,700 shares represent a very small addition to Kotak Mahindra Bank’s existing share capital. The listing resolves the abeyance status of these rights shares, allowing the allottees to trade their holdings. No significant price or liquidity impact is expected.
Impact Justification
Routine listing of a small batch of 66,700 rights shares previously held in abeyance; minimal market impact given the size relative to Kotak Mahindra Bank's overall equity base.