Description

BSE announces listing of three new debt securities issued by Kotak Mahindra Investments Limited on private placement basis with face value of Rs. 1,00,000 each and tenors ranging from 2027 to 2028.

Summary

BSE has listed and admitted three new debt securities of Kotak Mahindra Investments Limited to trading on the BSE Debt segment effective October 16, 2025. These securities were issued on a private placement basis with allotment date of October 15, 2025. All three securities carry AAA ratings from CRISIL and ICRA, have a face value of Rs. 1,00,000 each, and will trade only in dematerialized form.

Key Points

  • Three new debt securities listed with total quantity of 65,000 units (5,000 + 25,000 + 35,000)
  • All securities allotted on October 15, 2025 and listed on October 16, 2025
  • Face value and issue price: Rs. 1,00,000 per unit for all securities
  • Credit ratings: CRISIL AAA/Stable and ICRA AAA/Stable for all three securities
  • Interest payment frequency: Annual for all securities
  • Redemption dates range from May 27, 2027 to May 26, 2028
  • No put/call options on any of the securities
  • Market lot size: 1 unit for all securities
  • Tick size: 1 paise

Security Details

Security 1: KMIL-8.24%-27-5-27-PVT

  • Scrip Code: 975283
  • ISIN: INE975F07IQ0 (further listings under same ISIN)
  • Quantity: 5,000 units
  • Interest Rate: 8.24% p.a.
  • Redemption Date: May 27, 2027

Security 2: KMIL-7.23%-26-05-28-PVT

  • Scrip Code: 977212
  • ISIN: INE975F07IX6
  • Quantity: 25,000 units
  • Interest Rate: 7.2324% p.a.
  • Redemption Date: May 26, 2028

Security 3: KMIL-7.19-11-02-28-PVT

  • Scrip Code: 977213
  • ISIN: INE975F07IW8
  • Quantity: 35,000 units
  • Interest Rate: 7.1941% p.a.
  • Redemption Date: February 11, 2028

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
  • Securities will be traded on BSE Debt segment
  • Placement Memorandum available at: https://www.bseindia.com/markets/debt/memorandum_data.aspx
  • Trading members requiring clarification should contact debt department on 22728352/8597/8995/5753/8915

Important Dates

  • October 15, 2025: Date of allotment for all three securities
  • October 16, 2025: Listing and trading commencement date
  • May 27, 2027: Redemption date for Security 1 (ISIN: INE975F07IQ0)
  • February 11, 2028: Redemption date for Security 3 (ISIN: INE975F07IW8)
  • May 26, 2028: Redemption date for Security 2 (ISIN: INE975F07IX6)

Impact Assessment

This is a routine listing announcement with minimal market impact. The listing of these debt securities expands the available investment options in the BSE Debt segment for institutional and qualified investors. The AAA credit ratings from both CRISIL and ICRA indicate high credit quality. The securities are issued on private placement basis, limiting the immediate market participation to select institutional investors. Trading members in the debt segment can now facilitate transactions in these securities for their clients.

Impact Justification

Routine listing notification for new debt securities on private placement basis affecting only debt segment participants. No broader market impact or regulatory changes.