Description

BSE lists new Commercial Paper issuance of Rs. 75 crore by Kotak Mahindra Investments Limited with redemption date of December 11, 2026.

Summary

BSE has listed new Commercial Paper securities issued by Kotak Mahindra Investments Limited on private placement basis. The issuance consists of 1,500 securities with a face value of Rs. 5,00,000 each (total value Rs. 75 crore), issued at Rs. 467,148 per unit. The securities carry CRISIL A1+ and ICRA A1+ credit ratings and will mature on December 11, 2026.

Key Points

  • Issuer: Kotak Mahindra Investments Limited
  • Security Type: Commercial Paper (Private Placement)
  • Quantity: 1,500 units
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 467,148 per unit
  • Total Issue Size: Rs. 75 crore
  • Scrip Code: 730772
  • Scrip ID: KMIL151225
  • ISIN: INE975F14C74 (Further listing under same ISIN)
  • Credit Rating: CRISIL A1+, ICRA A1+
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Issuing and Paying Agent: Kotak Mahindra Bank Limited
  • Trading: Dematerialized form only, BSE Debt segment

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN
  • Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities are admitted to dealings on the BSE Debt segment effective December 17, 2025

Important Dates

  • Notice Date: December 17, 2025
  • Allotment Date: December 17, 2025
  • Listing Date: December 17, 2025
  • Redemption Date: December 11, 2026
  • Tenor: Approximately 359 days

Impact Assessment

This is a routine debt listing notice with limited market impact. The listing adds Rs. 75 crore of highly-rated short-term debt instruments to the BSE Debt segment. The commercial paper carries top-tier credit ratings (A1+) from both CRISIL and ICRA, indicating strong creditworthiness. Impact is primarily limited to debt market participants and institutional investors dealing in commercial paper. For clarifications, trading members can contact BSE debt department.

Impact Justification

Routine commercial paper listing notice affecting debt market participants only, with no broader market implications or regulatory changes.