Description
Trading suspended in KMPL debentures from September 1, 2025 due to record date for interest payment and redemption.
Summary
BSE has suspended trading in non-convertible debentures of Kotak Mahindra Prime Limited effective September 1, 2025, due to the company setting a record date for interest payment and redemption of debentures.
Key Points
- Trading Members advised not to deal in specified KMPL debentures
- Suspension applies to debenture with ISIN INE916DA7RT8 (Code: 974190)
- Interest rate of 7.37% with maturity date September 16, 2025
- Corporate action involves both interest payment and redemption
Regulatory Changes
No regulatory changes - routine trading suspension procedure for corporate actions.
Compliance Requirements
- Trading Members must cease dealing in the specified debentures from September 1, 2025
- Members required to take note of the suspension notice
Important Dates
- Record Date: September 1, 2025
- Trading Suspension Date: September 1, 2025
- Debenture Maturity: September 16, 2025
Impact Assessment
Limited market impact as this affects only one company’s debt securities. Standard procedure for debenture redemption near maturity. Temporary suspension to facilitate corporate action processing.
Impact Justification
Routine trading suspension for corporate action affecting single company's debt securities