Description
BSE lists Rs. 375 crore Commercial Paper of Kotak Mahindra Investments Limited with 7-day tenure and CRISIL A1+/ICRA A1+ rating.
Summary
BSE has listed new Commercial Paper worth Rs. 375 crore issued by Kotak Mahindra Investments Limited on private placement basis. The securities are admitted for trading on BSE Debt segment effective July 30, 2025.
Key Points
- Total issue size: Rs. 375 crore (7,500 securities of Rs. 5 lakh each)
- Issue price: Rs. 4,99,411 per security (face value Rs. 5,00,000)
- Credit rating: CRISIL A1+ and ICRA A1+
- Scrip code: 729934, ISIN: INE975F14B67
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Kotak Mahindra Bank Ltd serves as Issuing and Paying Agent
Important Dates
- Allotment date: July 30, 2025
- Trading commencement: July 30, 2025
- Redemption date: August 6, 2025
- Tenure: 7 days
Impact Assessment
Minimal market impact as this is a routine commercial paper listing with short tenure. Provides additional short-term debt instrument option for institutional investors seeking high-rated paper from Kotak Mahindra group.
Impact Justification
Routine commercial paper listing with standard terms and short 7-day tenure