Description
BSE lists Rs. 300 crore commercial paper issue by Kotak Mahindra Prime Limited with redemption date of July 21, 2026.
Summary
BSE has listed new commercial paper worth Rs. 300 crore issued by Kotak Mahindra Prime Limited on private placement basis. The securities are admitted for trading on BSE Debt segment effective August 26, 2025.
Key Points
- Commercial paper of Rs. 5 lakh face value each
- Total quantity: 6,000 units (Rs. 300 crore)
- Issue price: Rs. 4,71,604 per unit
- Credit rating: CRISIL A1+, ICRA A1+
- Scrip Code: 730088, ISIN: INE916D145P3
- Trading in dematerialized form only
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
- Kotak Mahindra Bank Ltd acts as Issuing and Paying Agent
Important Dates
- Allotment Date: August 26, 2025
- Trading Start Date: August 26, 2025
- Redemption Date: July 21, 2026
Impact Assessment
Routine debt instrument listing with minimal market impact. Provides additional short-term investment option for institutional investors in high-rated commercial paper.
Impact Justification
Routine commercial paper listing with no market-wide impact