Description
BSE announces listing of three series of debt securities issued by Kotak Mahindra Investments Limited on private placement basis, totaling 65,000 securities with maturities ranging from 2027 to 2028.
Summary
BSE has listed three new series of debt securities issued by Kotak Mahindra Investments Limited on private placement basis, effective October 16, 2025. The securities were allotted on October 15, 2025, and carry CRISIL AAA/Stable and ICRA AAA/Stable credit ratings. Total issuance comprises 65,000 securities with face value of Rs. 100,000 each, offering annual interest rates ranging from 7.19% to 8.24% with maturity dates between May 2027 and May 2028.
Key Points
- Three series of debt securities listed on BSE Debt segment effective October 16, 2025
- Total quantity: 65,000 securities (5,000 + 25,000 + 35,000)
- Face value: Rs. 100,000 per security across all series
- Credit rating: CRISIL AAA/Stable and ICRA AAA/Stable for all series
- Securities allotted on October 15, 2025
- Trading permitted only in dematerialized form
- Market lot: 1 security for all series
- Tick size: 1 paise
- No put or call options attached
Security Details
Series 1 (Scrip Code 975283)
- ISIN: INE975F07IQ0 (Further listings under same ISIN)
- Quantity: 5,000 securities
- Interest rate: 8.24% per annum
- Payment frequency: Annually
- Maturity date: May 27, 2027
- Scrip ID: 824KMIL27
Series 2 (Scrip Code 977212)
- ISIN: INE975F07IX6
- Quantity: 25,000 securities
- Interest rate: 7.2324% per annum
- Payment frequency: Annually
- Maturity date: May 26, 2028
- Scrip ID: 723KMIL28
Series 3 (Scrip Code 977213)
- ISIN: INE975F07IW8
- Quantity: 35,000 securities
- Interest rate: 7.1941% per annum
- Payment frequency: Annually
- Maturity date: February 11, 2028
- Scrip ID: 719KMIL28
Trading Requirements
- Securities must be traded exclusively in dematerialized form under respective ISIN numbers
- Placement Memorandum available at: https://www.bseindia.com/markets/debt/memorandum_data.aspx
- Trading members requiring clarification can contact BSE debt department at 22728352/8597/8995/5753/8915
Important Dates
- Date of Allotment: October 15, 2025
- Listing Date: October 16, 2025
- First Maturity: May 27, 2027 (Series 1)
- Second Maturity: February 11, 2028 (Series 3)
- Third Maturity: May 26, 2028 (Series 2)
Impact Assessment
This is a routine debt securities listing with minimal market impact. The listing provides institutional investors and qualified buyers access to AAA-rated debt instruments from Kotak Mahindra Investments Limited. The securities offer competitive interest rates aligned with current market conditions for highly-rated corporate debt. The listing enhances liquidity options for debt market participants and reflects continued fundraising activity by non-banking financial companies through private placement routes. No impact on equity markets or broader trading operations expected.
Impact Justification
Routine debt securities listing on private placement basis with no material market impact. Information primarily relevant for debt market participants and institutional investors.