Description
BSE lists new commercial paper securities of Kotak Mahindra Investments Limited worth Rs. 600 crores with 7-day maturity period.
Summary
BSE has listed new commercial paper securities issued by Kotak Mahindra Investments Limited on private placement basis, effective August 21, 2025. The issue comprises 12,000 units of Rs. 5 lakh each, totaling Rs. 600 crores with a maturity period of 7 days.
Key Points
- Total issue size: Rs. 600 crores (12,000 units × Rs. 5 lakh each)
- Issue price: Rs. 4,99,411 per unit (face value Rs. 5 lakh)
- Maturity: August 28, 2025 (7-day commercial paper)
- Credit rating: CRISIL A1+, ICRA A1+
- 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 restricted to standard denomination of Rs. 5 lakhs and multiples
- Kotak Mahindra Bank Limited acts as Issuing and Paying agent
Important Dates
- Listing Date: August 21, 2025
- Allotment Date: August 21, 2025
- Redemption Date: August 28, 2025
Impact Assessment
Minimal market impact as this is a routine short-term commercial paper listing with standard terms. The 7-day maturity indicates short-term liquidity management by the issuer.
Impact Justification
Routine commercial paper listing with short 7-day tenure and standard terms