Description
BSE announces listing of INR 100 crore debt securities by Keertana Finserv Private Limited with 11.20% interest rate and April 2027 maturity.
Summary
BSE has listed new debt securities of Keertana Finserv Private Limited worth INR 100 crore (10,000 units of INR 10,000 each) on its debt segment. The securities carry an interest rate of 11.20% per annum with quarterly payments and mature on April 3, 2027. The securities were allotted on July 24, 2025, through private placement and are available for trading from July 25, 2025.
Key Points
- Quantity: 100,000 units (INR 100 crore total value)
- Face Value: INR 10,000 per unit
- Interest Rate: 11.20% per annum (quarterly payments)
- Maturity Date: April 3, 2027
- Credit Rating: IND BBB
- ISIN: INE0NES07246
- Scrip Code: 976943
- Trading only in dematerialized form
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for new debt securities.
Compliance Requirements
- Trading members must note that securities will trade only in dematerialized form
- Tick size for trading is 1 paise
- Trading members should refer to the Placement Memorandum available on BSE website for detailed terms
Important Dates
- Date of Allotment: July 24, 2025
- Trading Commencement: July 25, 2025
- Interest Payment: Quarterly basis
- Maturity Date: April 3, 2027
Impact Assessment
Limited market impact as this involves listing of debt securities of a private company through private placement. The securities are rated IND BBB and will provide institutional investors another fixed-income investment option. No impact on equity markets or broader regulatory framework.
Impact Justification
Routine debt security listing of a private company with limited market impact