Description

BSE lists new Commercial Paper issued by Kotak Mahindra Prime Limited on private placement basis, with two securities totaling Rs. 80 crore maturing in October 2025.

Summary

BSE has listed two new Commercial Paper securities issued by Kotak Mahindra Prime Limited on a private placement basis, effective October 7, 2025. The first security (ISIN: INE916D145W9) comprises 7,000 units of Rs. 5 lakh each maturing on October 17, 2025. The second security (ISIN: INE916D145V1) comprises 9,000 units of Rs. 5 lakh each maturing on October 15, 2025. Both securities carry CRISIL A1+ and ICRA A1+ credit ratings.

Key Points

  • Two Commercial Paper securities listed on BSE Debt segment
  • Security 1: 7,000 units, face value Rs. 5,00,000 each, total value Rs. 350 crore
  • Security 2: 9,000 units, face value Rs. 5,00,000 each, total value Rs. 450 crore
  • Both securities issued on private placement basis
  • Credit Rating: CRISIL A1+ and ICRA A1+ for both securities
  • Issuing and Paying Agent: Kotak Mahindra Bank Ltd
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Market lot of 1 unit applies to both securities

Important Dates

  • Allotment Date: October 7, 2025 (both securities)
  • Listing Date: October 7, 2025 (effective immediately)
  • Redemption Date (Security 1 - KMPL71025): October 17, 2025
  • Redemption Date (Security 2 - KMPL071025): October 15, 2025

Impact Assessment

Market Impact: Low - This is a routine listing of short-term debt instruments with maturity periods of 8-10 days. The Commercial Papers are limited to the BSE Debt segment and affect only trading members dealing in debt securities.

Operational Impact: Minimal - Standard listing procedure for Commercial Paper with no unusual terms or conditions. Trading members can contact the debt department at specified phone numbers for clarifications.

Impact Justification

Routine listing of short-term Commercial Paper with minimal market impact, limited to debt segment trading members