Description
BSE lists 66,700 rights equity shares of Kotak Mahindra Bank Ltd (Scrip Code: 500247) that were kept in abeyance, effective March 11, 2026. The shares were allotted on January 29, 2026 and are pari passu with existing equity shares.
Summary
BSE has listed 66,700 rights equity shares of Kotak Mahindra Bank Ltd (Scrip Code: 500247) that were previously kept in abeyance. These shares are permitted to trade effective Wednesday, March 11, 2026, and are pari passu with the company’s existing equity shares.
Key Points
- 66,700 equity shares of Re. 1/- each are listed and permitted to trade from March 11, 2026
- Shares were allotted on January 29, 2026, but were kept in abeyance
- ISIN: INE237A01036
- Distinctive Numbers: 9946390306 to 9946457005
- Shares rank pari passu with existing equity shares of Kotak Mahindra Bank Ltd
Regulatory Changes
No new regulatory changes. This is a standard administrative listing notice for rights shares that had been held in abeyance.
Compliance Requirements
Trading members of BSE are informed to note the listing of these new securities and facilitate trading from the effective date.
Important Dates
- Allotment Date: January 29, 2026
- Trading Effective Date: Wednesday, March 11, 2026
Impact Assessment
Minimal market impact. The listing of 66,700 shares is a very small quantity relative to Kotak Mahindra Bank’s total equity base. These shares were previously allotted rights shares held in abeyance (typically due to legal disputes or incomplete documentation by shareholders) and are now being admitted to trading. No significant price or liquidity impact is expected.
Impact Justification
Routine listing of a small tranche of rights shares (66,700) kept in abeyance; limited market impact given the minor quantity relative to total shares outstanding of Kotak Mahindra Bank.