Description
BSE announces listing of Rs. 300 crore commercial paper issued by Kotak Mahindra Prime Limited for trading on debt segment.
Summary
BSE has listed new commercial paper worth Rs. 300 crore (6000 units of Rs. 5 lakh each) issued by Kotak Mahindra Prime Limited on private placement basis. The securities are effective for trading on BSE debt segment from August 26, 2025.
Key Points
- 6000 commercial paper units of Rs. 5,00,000 each listed
- Scrip Code: 730088, ISIN: INE916D145P3
- Issue price: Rs. 4,71,604 per unit
- Credit rating: CRISIL A1+, 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 in dematerialized form only
- Trading must be in standard denomination of Rs. 5 lakhs and multiples thereof
- Kotak Mahindra Bank Ltd acts as Issuing and Paying agent
Important Dates
- Allotment Date: August 26, 2025
- Trading Effective Date: August 26, 2025
- Redemption Date: July 21, 2026
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides additional short-term debt instrument option for investors in the BSE debt segment.
Impact Justification
Routine commercial paper listing with no broad market impact