Description

BSE announces listing of Rs. 1,000 crore Commercial Paper issued by Kotak Mahindra Investments Limited on private placement basis, with 7-day maturity.

Summary

BSE has listed Commercial Paper issued by Kotak Mahindra Investments Limited on private placement basis with effect from December 4, 2025. The issue comprises 20,000 units of Rs. 5 lakh each, totaling Rs. 1,000 crore, with a 7-day tenure maturing on December 11, 2025. The paper carries CRISIL A1+ and ICRA A1+ credit ratings.

Key Points

  • Issuer: Kotak Mahindra Investments Limited
  • Instrument: Commercial Paper on private placement basis
  • Total Issue Size: Rs. 1,000 crore (20,000 units × Rs. 5,00,000)
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,99,387 per unit
  • Scrip Code: 730700
  • Scrip ID: KMI041225
  • Detail Name: KMI-11-12-25-CP
  • ISIN: INE975F14C66
  • Credit Rating: CRISIL A1+, ICRA A1+
  • Market Lot: 1 unit
  • Issuing and Paying Agent: Kotak Mahindra Bank Limited

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE975F14C66
  • Trading permitted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size for the securities is 1 paise
  • Securities are listed and admitted to dealings on BSE Debt segment

Important Dates

  • Notice Date: December 4, 2025
  • Allotment Date: December 4, 2025
  • Listing Date: December 4, 2025
  • Redemption Date: December 11, 2025
  • Tenure: 7 days

Impact Assessment

Market Impact: Minimal. This is a routine short-term debt instrument listing with 7-day maturity. Commercial paper issuances are standard treasury operations for financial institutions.

Operational Impact: Trading members can now trade this instrument on the BSE Debt segment. The high credit ratings (A1+) indicate minimal credit risk for participants.

Investor Impact: Limited to institutional investors and high net-worth individuals participating in debt markets, given the Rs. 5 lakh minimum denomination requirement.

Impact Justification

Routine commercial paper listing for short-term debt instrument with minimal market impact, standard operational notice for debt segment participants