Description

BSE lists new debt securities worth Rs. 90 crore issued by Keertana Finserv Limited on private placement basis with 11.20% interest rate maturing in April 2027.

Summary

BSE has listed new debt securities issued by Keertana Finserv Limited on private placement basis with effect from November 13, 2025. The securities comprise 90,000 debentures with a face value of Rs. 10,000 each, carrying an interest rate of 11.20% per annum with quarterly payment frequency. The securities are rated IND BBB+/Stable and will mature on April 3, 2027.

Key Points

  • Quantity of securities listed: 90,000 debentures
  • Face value: Rs. 10,000 per debenture (Total issue size: Rs. 90 crore)
  • Issue price: Rs. 10,340.60 per debenture
  • Interest rate: 11.20% per annum
  • Interest payment frequency: Quarterly
  • Credit rating: IND BBB+/Stable
  • Market lot: 1 unit
  • Scrip Code: 976943
  • Scrip ID: 1120KFPL27
  • ISIN: INE0NES07246 (further listings under same ISIN)
  • Trading permitted only in dematerialized form
  • Tick size: 1 paise
  • No put/call options available

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must ensure that aforesaid securities are traded only in dematerialized form under ISIN INE0NES07246
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Trading members requiring clarifications should contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 12, 2025
  • Listing Date: November 13, 2025
  • First Interest Payment Date: December 3, 2025
  • Interest Payment Period: Quarterly from December 3, 2025 to April 3, 2027
  • Redemption Date: April 3, 2027

Impact Assessment

This is a routine listing announcement with minimal market-wide impact. The listing of Keertana Finserv Limited’s debt securities on private placement basis provides additional investment options in the corporate bond segment for institutional and high net worth investors. The BBB+ rating indicates moderate credit quality with adequate capacity to meet financial commitments. The 11.20% coupon rate reflects the credit profile and prevailing interest rate environment. Impact is limited to investors specifically interested in this issuer’s debt securities.

Impact Justification

Routine listing of debt securities on private placement basis with limited market-wide impact