Description
BSE lists Rs. 320 crore commercial paper issue by Kotak Mahindra Investments Limited with 11-day maturity period.
Summary
BSE has listed new commercial paper worth Rs. 320 crore issued by Kotak Mahindra Investments Limited on private placement basis, effective July 28, 2025. The instruments have an 11-day maturity period from allotment to redemption.
Key Points
- Commercial paper of Rs. 5 lakh denomination each, totaling 6,400 units
- Issue size: Rs. 320 crore (6,400 × Rs. 5,00,000)
- Issue price: Rs. 4,99,082.50 per unit (slight discount to face value)
- Credit rating: CRISIL A1+ and ICRA A1+ (highest short-term rating)
- Trading only in dematerialized form under ISIN INE975F14B59
- Scrip code: 729916, Scrip ID: KMIL250725
Regulatory Changes
No regulatory changes introduced. Standard BSE debt segment listing procedures followed.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise applies for price movements
- Kotak Mahindra Bank Ltd acts as issuing and paying agent
Important Dates
- Allotment date: July 25, 2025
- Listing date: July 28, 2025
- Redemption date: August 5, 2025
- Maturity period: 11 days
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides short-term funding for Kotak Mahindra Investments Limited and offers institutional investors a high-rated, liquid investment option with very short maturity.
Impact Justification
Routine commercial paper listing with short maturity and limited market impact