Description
BSE announces listing of new Commercial Paper securities issued by Kotak Mahindra Prime Limited on private placement basis with different maturity periods.
Summary
BSE has listed new Commercial Paper securities issued by Kotak Mahindra Prime Limited on private placement basis. Two series of Commercial Papers with face value of Rs. 5,00,000 each have been admitted for trading on BSE Debt segment effective August 21, 2025.
Key Points
- Two series of Commercial Paper listed: KMPL21825 (10,000 units) and KMPL21825A (4,000 units)
- Face value: Rs. 5,00,000 per unit for both series
- Credit Rating: CRISIL A1+, ICRA A1+ for both instruments
- Trading in dematerialized form only with standard denomination of Rs. 5 lakhs
- Tick size: 1 paise
- Kotak Mahindra Bank Ltd acts as Issuing and Paying Agent
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
- Securities to be traded under specified ISIN numbers
Important Dates
- Listing Date: August 21, 2025
- Allotment Date: August 21, 2025
- Redemption Date (Series 1): August 28, 2025
- Redemption Date (Series 2): July 6, 2026
Impact Assessment
Minimal market impact as this is a routine listing of commercial paper securities. Provides additional short-term and medium-term debt investment options for institutional investors in BSE debt segment.
Impact Justification
Routine commercial paper listing with no broader market implications