Description

BSE announces listing of new privately placed debt securities by Kotak Mahindra Prime Limited totaling 60,000 securities across two series with maturity dates in 2028 and 2030.

Summary

BSE has listed new debt securities of Kotak Mahindra Prime Limited issued on private placement basis, effective October 15, 2025. Two series of securities totaling 60,000 units have been admitted to trading on the BSE Debt segment. The securities carry AAA credit ratings from CRISIL and ICRA, with interest rates of 7.2640% and 7.1554% per annum.

Key Points

  • Series 1: 40,000 securities with maturity on October 14, 2030 (Scrip Code: 977209, ISIN: INE916DA7TF3)
  • Series 2: 20,000 securities with maturity on June 19, 2028 (Scrip Code: 976816, ISIN: INE916DA7TA4) - Further listing under same ISIN
  • Face value of Rs. 100,000 per security for both series
  • Credit ratings: CRISIL AAA/Stable and ICRA AAA/Stable
  • Securities tradable only in dematerialized form
  • Tick size: 1 paise
  • Market lot: 1 unit for both series

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Any clarifications can be obtained from BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date (Both Series): October 14, 2025
  • Listing Date: October 15, 2025
  • Series 1 Interest Payment Dates: Annually from October 14, 2026 to October 14, 2030
  • Series 1 Redemption Date: October 14, 2030
  • Series 2 Interest Payment Dates: Annually from June 19, 2026 to June 19, 2028
  • Series 2 Redemption Date: June 19, 2028

Impact Assessment

Market Impact: Minimal. This is a routine listing of privately placed debt securities that adds to the existing debt market inventory. The securities are AAA-rated, indicating high credit quality.

Investor Impact: Relevant only for institutional investors and debt market participants who invested in these private placements. The listing provides liquidity to existing holders.

Operational Impact: Trading members need to update their systems with the new scrip codes and ISIN numbers for trading these securities on the BSE Debt segment.

Impact Justification

Routine listing of privately placed debt securities with no market-wide implications; affects only debt market participants and institutional investors.