Description
MAGNITE DEVELOPERS PRIVATE LIMITED has fixed record date for part redemption of debentures with reduced face value effective August 5, 2025.
Summary
MAGNITE DEVELOPERS PRIVATE LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The company has set August 5, 2025 as the record date, and trading will commence with reduced face value from the same date.
Key Points
- Company: MAGNITE DEVELOPERS PRIVATE LIMITED
- Debenture Code: MDPL-10%-31-3-27-PVT (INE0M1Q07015, Scrip Code: 974290)
- Record Date: August 5, 2025
- Purpose: Part redemption of debentures and payment of interest
- New face value: Rs. 625,000 per debenture
- Effective date for reduced face value trading: August 5, 2025
- Settlement number: DR-688/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note that debentures will trade with reduced face value from August 5, 2025
- All trading activities must comply with the new face value structure
Important Dates
- Record Date: August 5, 2025 - for determining eligible debenture holders
- Effective Date: August 5, 2025 - commencement of trading with reduced face value
- Notice Date: August 1, 2025
Impact Assessment
Limited impact confined to holders of MAGNITE DEVELOPERS PRIVATE LIMITED debentures. The part redemption will reduce the outstanding face value of debentures, affecting the market value and trading dynamics for this specific debt security. No broader market implications expected.
Impact Justification
Specific corporate action affecting single company's debenture holders with clear timeline