Description

BSE announces listing of 11,300 Commercial Papers worth Rs. 5 lakh each issued by Kotak Mahindra Investments Limited with redemption on November 14, 2025.

Summary

BSE has listed new Commercial Paper issued by Kotak Mahindra Investments Limited on private placement basis with effect from November 4, 2025. The instruments comprise 11,300 Commercial Papers with face value of Rs. 5,00,000 each, totaling Rs. 565 crore, maturing on November 14, 2025. The securities will trade exclusively in dematerialized form on BSE’s Debt segment.

Key Points

  • Total quantity: 11,300 Commercial Papers
  • Face value: Rs. 5,00,000 per unit
  • Issue price: Rs. 4,99,111 per unit
  • Scrip Code: 730491
  • Scrip ID: KMIL041125
  • ISIN: INE975F14C33
  • Credit rating: CRISIL A1+, ICRA A1+ (highest short-term rating)
  • Market lot: 1 unit
  • Trading denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and Paying Agent: Kotak Mahindra Bank Limited

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE975F14C33
  • Trading must occur in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members requiring clarification should contact BSE debt department on specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: November 4, 2025
  • Listing Date: November 4, 2025
  • Redemption Date: November 14, 2025
  • Tenure: 10 days

Impact Assessment

Minimal market impact. This is a routine short-term debt instrument listing with 10-day maturity. Commercial papers are standard money market instruments used by highly-rated companies for short-term funding needs. The high credit ratings (A1+) indicate lowest credit risk. This listing provides debt market participants with an additional short-term investment option backed by Kotak Mahindra group’s creditworthiness. Trading will be restricted to institutional and high net-worth investors given the Rs. 5 lakh minimum denomination.

Impact Justification

Routine commercial paper listing with 10-day tenure, minimal market impact, informational notice for debt market participants