Description

BSE announces listing of new debt securities worth Rs. 30 crore issued by Kotak Mahindra Investments Limited with 7.34% interest rate and 3-year tenure.

Summary

BSE has listed new debt securities issued by Kotak Mahindra Investments Limited on private placement basis. The securities have a face value of Rs. 1 lakh each, carry 7.34% annual interest rate, and will mature on August 28, 2028.

Key Points

  • Quantity: 30,000 securities worth Rs. 30 crore total
  • Scrip Code: 977050, ISIN: INE975F07IV0
  • Interest Rate: 7.34% per annum, paid annually
  • Tenor: 3 years (allotment to redemption: Aug 22, 2025 to Aug 28, 2028)
  • Credit Rating: CRISIL AAA/Stable, ICRA AAA/Stable
  • Trading only in dematerialized form with 1 paise tick size

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must trade securities only in dematerialized form
  • Securities to be traded under specified ISIN number
  • Refer to Placement Memorandum for detailed terms

Important Dates

  • Date of Allotment: August 22, 2025
  • First Interest Payment: November 28, 2025
  • Annual Interest Payments: November 28 each year until 2028
  • Redemption Date: August 28, 2028
  • Trading Commencement: August 22, 2025

Impact Assessment

Limited market impact as this is a routine private placement listing. The high credit rating (AAA/Stable) indicates strong creditworthiness. No significant operational changes for market participants.

Impact Justification

Routine debt security listing with limited market-wide impact