Description

BSE announces listing of 11,300 Commercial Paper securities worth Rs. 5 lakh each issued by Kotak Mahindra Investments Limited on private placement basis.

Summary

BSE has listed new Commercial Paper securities issued by Kotak Mahindra Investments Limited on a private placement basis. The listing comprises 11,300 securities with a face value of Rs. 5,00,000 each, totaling Rs. 565 crore. The instruments carry CRISIL A1+ and ICRA A1+ ratings and have a short maturity period of 10 days.

Key Points

  • Total quantity: 11,300 Commercial Paper securities
  • Face value: Rs. 5,00,000 per security
  • Issue price: Rs. 4,99,111 per security
  • Scrip Code: 730491
  • Scrip ID: KMIL041125
  • ISIN: INE975F14C33
  • Credit rating: CRISIL A1+ and ICRA A1+
  • Market lot: 1 unit
  • Trading denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and Paying Agent: Kotak Mahindra Bank Limited
  • Trading only in dematerialized form

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 ISIN INE975F14C33
  • Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be maintained for all transactions
  • Trading members can contact BSE debt department (contacts: 22728352/8597/8995/5753/8915) for clarifications

Important Dates

  • Notice Date: November 4, 2025
  • Allotment Date: November 4, 2025
  • Listing and Trading Commencement: November 4, 2025
  • Redemption Date: November 14, 2025

Impact Assessment

This is a routine short-term debt instrument listing with minimal market impact. The 10-day maturity Commercial Paper is a standard money market instrument used for working capital financing. The high credit ratings (A1+ from both CRISIL and ICRA) indicate strong creditworthiness. Impact is limited to debt market participants and institutional investors who typically trade in commercial paper. No impact on equity markets or retail investors expected.

Impact Justification

Routine commercial paper listing for 10-day maturity debt instrument with no material market impact