Description
BSE suspends trading in MDPL debentures from August 5, 2025 due to record date for interest payment and redemption.
Summary
BSE has suspended trading in debentures of MAGNITE DEVELOPERS PRIVATE LIMITED (MDPL) effective August 5, 2025, due to the company fixing a record date for interest payment and redemption of its non-convertible debentures.
Key Points
- Trading suspension applies to MDPL 10% debentures maturing March 31, 2027 (ISIN: INE0M1Q07023, Code: 974800)
- Record date set for August 5, 2025
- Purpose includes both redemption of debentures and payment of interest
- Trading members advised not to deal in these debentures from August 5, 2025
Regulatory Changes
No regulatory changes introduced - this is a routine corporate action suspension.
Compliance Requirements
- Trading members must not deal in the specified MDPL debentures from August 5, 2025
- Trading members are required to take note of this suspension
Important Dates
- Record Date: August 5, 2025
- No Dealings From: August 5, 2025
- Notice Date: August 1, 2025
Impact Assessment
Minimal market impact as this affects only one private company’s debentures. This is a standard procedure for corporate actions involving debt securities. The suspension ensures proper settlement of interest payments and redemption to eligible debenture holders as per the record date.
Impact Justification
Routine trading suspension for corporate action affecting single private company debenture