Description
BSE announces listing of Rs.600 crore Commercial Paper issued by Kotak Mahindra Investments Limited with 7-day maturity period.
Summary
BSE has listed new Commercial Paper worth Rs.600 crore issued by Kotak Mahindra Investments Limited on private placement basis. The securities are admitted for trading on BSE Debt segment effective August 21, 2025.
Key Points
- Commercial Paper of Rs.5,00,000/- each with 12,000 units
- Issue price: Rs.499,411 per unit (discount to face value)
- Credit rating: CRISIL A1+ and 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 under ISIN INE975F14B83
- Trading must be in standard denomination of Rs.5 lakhs and multiples thereof
- Kotak Mahindra Bank Limited acts as Issuing and Paying agent
Important Dates
- Allotment Date: August 21, 2025
- Listing Date: August 21, 2025
- Redemption Date: August 28, 2025
- Maturity Period: 7 days
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The 7-day maturity period indicates this is for immediate liquidity requirements of the issuer. High credit ratings (A1+) suggest low credit risk for investors.
Impact Justification
Routine commercial paper listing with short maturity period, minimal market impact