Description
BSE announces the listing of new private placement debt securities by Keertana Finserv Limited with 11.40% interest rate.
Summary
BSE has listed new debt securities of Keertana Finserv Limited worth ₹10 crore issued on private placement basis. The securities carry an interest rate of 11.40% per annum with monthly interest payments and will mature on May 12, 2027.
Key Points
- Securities quantity: 10,000 units with face value of ₹1,00,000 each
- Scrip Code: 977029 with ISIN INE0NES07253
- Interest rate: 11.40% per annum paid monthly
- Credit rating: IND BBB+/Stable
- Issue price equals face value at ₹1,00,000
- Trading only in dematerialized form with tick size of 1 paise
Regulatory Changes
No regulatory changes introduced through this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities must be traded under the specified ISIN number
- Members should refer to the Placement Memorandum for detailed terms
Important Dates
- Allotment date: August 12, 2025
- Listing effective: August 14, 2025
- Interest payment: Monthly
- Maturity date: May 12, 2027
Impact Assessment
Minimal market impact as this is a routine private placement debt listing. The securities provide institutional investors with a fixed-income option carrying BBB+ rating and monthly interest payments over approximately 2.75-year tenure.
Impact Justification
Routine debt security listing with limited market impact