Description
BSE lists new commercial paper instruments of Kotak Mahindra Prime Limited with face value of Rs. 5 lakhs each, maturing in August 2025.
Summary
BSE has listed new commercial paper instruments of Kotak Mahindra Prime Limited issued on private placement basis. Two series of commercial papers with face value of Rs. 5,00,000 each have been admitted for trading on the BSE Debt segment with effect from August 1, 2025.
Key Points
- First series: 2000 units with scrip code 729350, maturing on August 8, 2025
- Second series: 3000 units with scrip code 729954, maturing on August 14, 2025
- Both series carry CRISIL A1+ and ICRA A1+ credit ratings
- Trading in dematerialized form only with standard denomination of Rs. 5 lakhs
- Kotak Mahindra Bank Limited acts as Issuing and Paying Agent
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for new debt instruments.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading denomination must be in standard units of Rs. 5 lakhs and multiples thereof
- Tick size for securities is 1 paise
Important Dates
- Listing Date: August 1, 2025
- Allotment Date: August 1, 2025
- First Series Redemption: August 8, 2025
- Second Series Redemption: August 14, 2025
Impact Assessment
Minimal market impact as this involves routine listing of short-term commercial paper instruments. The instruments have very short maturity periods (7-13 days) and are primarily for institutional investors. No significant operational changes required for market participants.
Impact Justification
Routine commercial paper listing with short maturity periods, limited market impact