Description
BSE lists new commercial paper worth Rs. 32 crore issued by Kotak Mahindra Investments Limited with 11-day maturity period.
Summary
BSE has listed new commercial paper issued by Kotak Mahindra Investments Limited on private placement basis. The instrument comprises 6,400 units of Rs. 5 lakh each, totaling Rs. 32 crore, with an 11-day maturity period from July 25 to August 5, 2025.
Key Points
- Commercial paper worth Rs. 32 crore (6,400 units × Rs. 5 lakh each) listed on BSE debt segment
- Issue price: Rs. 4,99,082.50 per unit (face value Rs. 5,00,000)
- Credit rating: CRISIL A1+ and ICRA A1+ (highest short-term rating)
- Scrip code: 729916, ISIN: INE975F14B59
- Trading only in dematerialized form with minimum lot size of Rs. 5 lakh
- Tick size: 1 paise for price movements
Regulatory Changes
No regulatory changes introduced. This is a standard debt instrument listing following existing BSE procedures for commercial paper.
Compliance Requirements
- Trading members must trade only in dematerialized form
- Standard denomination of Rs. 5 lakh and multiples thereof
- Kotak Mahindra Bank Ltd acts as issuing and paying agent
- Trading effective immediately from July 28, 2025
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 highly-rated short-term investment option with 11-day maturity.
Impact Justification
Routine commercial paper listing with short maturity and limited market impact