Description

BSE announces listing of 50,000 non-convertible debentures of Keertana Finserv Limited (11.40% interest rate, maturity October 2027) on the Debt segment effective November 27, 2025.

Summary

BSE has listed new debt securities of Keertana Finserv Limited on its Debt segment effective November 27, 2025. The securities are 50,000 non-convertible debentures issued on private placement basis with an 11.40% per annum interest rate, maturing on October 24, 2027. The debentures carry an IND BBB+/Stable credit rating and will trade exclusively in dematerialized form.

Key Points

  • Quantity: 50,000 debentures listed
  • Scrip Code: 977241, Scrip ID: 1140KRFL27
  • ISIN: INE0NES07287 (further listings under same ISIN)
  • Face Value: ₹10,000 per debenture
  • Issue Price: ₹10,006.25
  • Interest Rate: 11.40% per annum (paid monthly)
  • Credit Rating: IND BBB+/Stable
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading exclusively in dematerialized form
  • No put/call options available

Regulatory Changes

No regulatory changes introduced. This is a standard listing announcement for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE0NES07287
  • Minimum tick size of 1 paise must be observed
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Clarifications can be obtained from BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 26, 2025
  • Listing Date: November 27, 2025
  • Interest Payment Period: Monthly from November 24, 2025 to October 24, 2027
  • Redemption Date: October 24, 2027

Impact Assessment

This is a routine debt listing with minimal market-wide impact. The listing provides additional debt trading opportunities for market participants interested in mid-rated corporate debt instruments. The BBB+ rating indicates moderate credit quality, suitable for investors seeking higher yields with acceptable credit risk. The monthly interest payment structure provides regular income streams for debt investors. Impact is limited to debt market participants and does not affect broader equity market operations.

Impact Justification

Routine debt security listing announcement with limited market-wide impact, affects only specific debt instrument trading members