Description
Trading suspended for KOTAK MAHINDRA PRIME LIMITED debentures (ISIN: INE916DA7SD0) from November 4, 2025, due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures of KOTAK MAHINDRA PRIME LIMITED effective November 4, 2025. The suspension is due to the company setting a record date for redemption of the debentures with ISIN INE916DA7SD0 (Code: 974591). Trading members are advised not to deal in these debentures from the specified date.
Key Points
- Trading suspension applies to debentures with ISIN: INE916DA7SD0 (KMPL-7.92%-20-11-25-PVT)
- BSE Code: 974591
- Coupon rate: 7.92%
- Purpose: Redemption of non-convertible debentures
- Notice reference: DR-749/2025-2026
- Circular issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory changes. This is a standard corporate action procedure for debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures from November 4, 2025
- All exchange members are required to take note of the suspension
- No transactions should be executed in the affected debentures on or after the no-dealings date
Important Dates
- Circular Date: October 29, 2025
- Record Date: November 4, 2025
- No Dealings From: November 4, 2025
Impact Assessment
The impact is limited to holders of the specific debenture series (INE916DA7SD0). This is a scheduled redemption event and does not affect other securities of Kotak Mahindra Prime Limited or the broader debt market. Debenture holders will receive redemption proceeds as per the terms of issuance. Trading members with positions in these debentures should prepare for the suspension and complete any necessary transactions before the no-dealings date.
Impact Justification
Routine debenture redemption causing temporary trading suspension. Affects specific debt security holders but not equity trading or broader market operations.