Description
Trading suspended in KOTAK MAHINDRA INVESTMENTS LIMITED debentures (INE975F08CR9) from December 16, 2025 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures issued by Kotak Mahindra Investments Limited. The suspension is effective from December 16, 2025, coinciding with the record date set by the company for redemption purposes. Trading members are advised to cease all dealings in the specified debenture series.
Key Points
- Trading suspended for KOTAK MAHINDRA INVESTMENTS LIMITED debentures (ISIN: INE975F08CR9, Scrip Code: 953176)
- Debenture series: KMIL-9%-31-12-25-PVT
- Record date for redemption: December 16, 2025
- No dealings permitted from: December 16, 2025
- Notice reference: DR-778/2025-2026
- Coupon rate: 9%
- Original maturity: December 31, 2025
Regulatory Changes
No regulatory changes. This is a standard operational procedure for debenture redemption as per existing BSE regulations governing debt securities.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures from December 16, 2025
- Members should update their systems to reflect the trading suspension
- Ensure client communications regarding the suspension are sent to affected debenture holders
- Comply with record date requirements for redemption processing
Important Dates
- December 11, 2025: Notice issued by BSE
- December 16, 2025: Record date for redemption; trading suspension effective
- December 31, 2025: Original maturity date of the debenture series
Impact Assessment
Market Impact: Low - This affects a single privately placed debenture series of Kotak Mahindra Investments Limited. The impact is limited to holders of this specific debt instrument.
Operational Impact: Minimal - Standard procedure for debenture redemption. Trading members routinely handle such suspensions as part of regular debt market operations.
Investor Impact: Low - Affects only investors holding this specific debenture series. The suspension facilitates orderly redemption, and investors holding the debentures on the record date will receive their redemption proceeds as per the terms of issuance.
Impact Justification
Routine trading suspension for debenture redemption affecting a single debt security. Limited market impact as this is a standard corporate action procedure for maturing debentures.