Description
BSE lists new commercial paper worth Rs. 375 crores issued by Kotak Mahindra Investments Limited with 7-day maturity period.
Summary
BSE has listed new commercial paper issued by Kotak Mahindra Investments Limited worth Rs. 375 crores (7,500 units of Rs. 5 lakh each) on private placement basis. The commercial paper has a face value of Rs. 5 lakh per unit with an issue price of Rs. 4,99,411 and will mature on August 6, 2025.
Key Points
- Securities: Commercial Paper of Rs. 5,00,000 each
- Quantity: 7,500 units (Total value: Rs. 375 crores)
- Scrip Code: 729934, Scrip ID: KMIL30725
- ISIN: INE975F14B67
- Credit Rating: CRISIL A1+, ICRA A1+
- Issue Price: Rs. 4,99,411 per unit
- 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 must be in standard denomination of Rs. 5 lakhs and multiples thereof
- Issuing and Paying agent: Kotak Mahindra Bank Ltd
Important Dates
- Allotment Date: July 30, 2025
- Trading Commencement: July 30, 2025
- Redemption Date: August 6, 2025
- Maturity Period: 7 days
Impact Assessment
Minimal market impact as this is a routine commercial paper listing with very short tenure (7 days). The high credit ratings (A1+) indicate low credit risk. The small issue size and short maturity make this a standard money market instrument with limited broader market implications.
Impact Justification
Routine commercial paper listing with short 7-day tenure, minimal market impact