Description

BSE announces listing of Commercial Paper issued by Kotak Mahindra Investments Limited worth Rs. 1,000 crores on private placement basis, effective December 4, 2025.

Summary

BSE has listed new Commercial Paper issued by Kotak Mahindra Investments Limited on private placement basis on the BSE Debt segment effective December 4, 2025. The instrument comprises 20,000 units of Rs. 5 lakh each (total Rs. 1,000 crores) with a maturity period of 7 days and carries CRISIL A1+ and ICRA A1+ credit ratings.

Key Points

  • Issuer: Kotak Mahindra Investments Limited
  • Security Type: Commercial Paper (Private Placement)
  • Total Issue Size: Rs. 1,000 crores (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
  • ISIN: INE975F14C66
  • Credit Rating: CRISIL A1+ and ICRA A1+
  • Market Lot: 1 unit
  • Trading Mode: Dematerialised form only
  • Tick Size: 1 paise
  • Issuing and Paying Agent: Kotak Mahindra Bank Limited

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form under ISIN INE975F14C66
  • Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities will be traded on BSE Debt segment only
  • For clarifications, trading members should contact BSE Debt Department at 22728352/8597/8995/5753/8915

Important Dates

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

Impact Assessment

Market Impact: Minimal. This is a routine listing of short-term commercial paper with a very brief 7-day tenure. The instrument is restricted to institutional investors under private placement regulations and does not affect retail markets.

Operational Impact: Trading members dealing in debt securities need to be aware of the new scrip code and ISIN for trading purposes. The standard Rs. 5 lakh denomination ensures this remains an institutional product with no retail participation.

Liquidity Impact: Given the short 7-day maturity and private placement nature, secondary market trading activity is expected to be minimal. The instrument primarily serves short-term treasury management needs for institutional investors.

Impact Justification

Routine listing of short-term commercial paper with 7-day tenure for institutional investors only, no impact on equity markets or retail investors